iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Hits New 52-Week Low – Here’s What Happened

Shares of iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL – Get Free Report) hit a new 52-week low during trading on Friday. The stock traded as low as C$30.01 and last traded at C$30.14, with a volume of 69,954 shares trading hands. The stock had previously closed at C$30.40.

iShares Gold Bullion ETF (CAD-Hedged) Stock Performance

The stock has a 50 day simple moving average of C$32.60 and a 200-day simple moving average of C$33.08.

About iShares Gold Bullion ETF (CAD-Hedged)

(Get Free Report)

The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund’s objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.

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