XEG re-entry LongNice long pullback in this once, this is a little anticipatory as feeling we're going to see a pullback in in US markets, this one usually heads the opposite direction.
Key stats
About ISHARES S&P/TSX CAPPED ENRG IND ETF UNIT
Home page
Inception date
Mar 19, 2001
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
BlackRock Asset Management Canada Ltd.
The fund invests in Canadian stocks from the S&P/TSX Composite, classified by GICS as an energy sector company. However, the underlying index excludes midstream and downstream energy production specifically, the GICS subindustries oil & gas refining & marketing and oil & gas storage & transportation. It also excludes the coal & consumable fuels subindustries. The committee-selected index applies a 25% cap to single constituents and usually undergoes quarterly rebalance. XEG currently employs a replicating strategy wherein it invests in securities in considerably the same proportions as they are represented in the underlying index.
Classification
What's in the fund
Exposure type
Energy Minerals
Stock breakdown by region
Top 10 holdings
Value Hunting in CanadaFor those value hunting out there, there is better breadth up here in Canada as according to Frances Horodeslki, 118 of the 226 components (52 per cent) are beating the TSX this year compared to only 25 per cent in the U.S. High interest rates have also hit certain segments like the banks, utilities
XEG Long entrySimple longer term swing on this energy ETF. Still in a large sideways wedge. Due to this keeping position size low.
TSX Energy XEG 12.66 2022 Low and more ?I was overweight energy for most of 2022 selling my exposure around the summer and the remaining in the fall.
It was not and easy decision but the trend in WTI and Brent prices was too bearish to ignore.
Seems to me now It's only a matter of time we take out the 2022 low of 12.66, the more intriguin
TSX Energy Monthly and Weekly breakoutWe have the Monthly and Weekly candles already 2 to the upside.
I am looking for continuation to the upside the rest of the month with crude prices seemingly having found a bottom.
Favorite pick in sector is ENB / CVE / WCP
We need that monthly candle to remain green 2 to the upside to stay long
XEG-T - iShares S&P/TSX Capped Energy Index ETFHello everybody,
We are looking at XEG-T today. We are short term bullish. We believe a bearish flag is forming. We will enter a limit sell order at $8.80 which is in contact with the upper band trendline for half the position. We will continue to hold the other half of the position and look to mak
XEG: Canadian Energy a bit More Energetic?The daily chart gives me a little more optimism in the recovery of this beleaguered ETF and energy stocks in general. As I noted in my previous analysis, XEG has been in a downward channel for the last 10 years - wow!
Is there a chance of recovery? If it breaks $8.20 level we can see the price appr
XEG: Will the downtrend ever end?XEG has been in the downtrend for over 10 years (!) all the way till it hit its lows at $2.54 in March 2020. But then a bounce happened that seems to be able to sustain momentum on the monthly chart.
Will the downtrend ever end?
I expect it to at least reach the upper bound of the downtrend channe
XEG Canadian Oil safer playThis one is part of iShares and as such it contains the safest of the Canadian Energy Companies. The distribution is garbage right now with 0.02 /q but the history of this one has distributions as high as 0.08 in recent (2 years) history. A decent way to ride energy up. Not saying we are in a bull m
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XEG trades at 16.25 CAD today, its price has risen 0.06% in the past 24 hours. Track more dynamics on XEG price chart.
XEG net asset value is 16.54 today — it's risen 5.40% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
XEG assets under management is 1.61 B CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
XEG price has risen by 5.62% over the last month, and its yearly performance shows a −14.14% decrease. See more dynamics on XEG price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.06% decrease in three-month performance and has decreased by −11.28% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −1.06% decrease in three-month performance and has decreased by −11.28% in a year.
XEG fund flows account for −54.79 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XEG invests in stocks. See more details in our Analysis section.
XEG expense ratio is 0.61%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XEG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, XEG technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XEG shows the neutral signal. See more of XEG technicals for a more comprehensive analysis.
Today, XEG technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XEG shows the neutral signal. See more of XEG technicals for a more comprehensive analysis.
Yes, XEG pays dividends to its holders with the dividend yield of 3.83%.
XEG trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
XEG shares are issued by BlackRock, Inc.
XEG follows the S&P/TSX Capped / Energy. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 19, 2001.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.