BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Price Up 0.6% – Here’s What Happened

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s share price traded up 0.6% during mid-day trading on Wednesday . The company traded as high as C$22.52 and last traded at C$22.39. 20,855 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 133,761 shares. The stock had previously closed at C$22.26.

BMO Equal Weight Utilities Index ETF Price Performance

The company’s fifty day moving average price is C$21.66 and its 200 day moving average price is C$21.96.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, January 30th.

About BMO Equal Weight Utilities Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index.