iShares MSCI Europe IMI Index ETF (TSE:XEU) Sets New 12-Month High – Still a Buy?

iShares MSCI Europe IMI Index ETF (TSE:XEU)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$39.93 and last traded at C$39.93, with a volume of 723 shares. The stock had previously closed at C$39.41.

iShares MSCI Europe IMI Index ETF Stock Performance

The company has a fifty day simple moving average of C$38.68 and a two-hundred day simple moving average of C$37.16.

About iShares MSCI Europe IMI Index ETF

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI Europe Investable Market Index (the Index), net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.