BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Price Up 0.7% – Time to Buy?

BMO Equal Weight Utilities Index ETF (TSE:ZUTGet Free Report)’s stock price rose 0.7% during trading on Friday . The company traded as high as C$22.92 and last traded at C$22.92. Approximately 11,462 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 129,515 shares. The stock had previously closed at C$22.76.

BMO Equal Weight Utilities Index ETF Price Performance

The stock’s 50 day moving average price is C$22.31 and its two-hundred day moving average price is C$22.09.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Tuesday, April 29th.

BMO Equal Weight Utilities Index ETF Company Profile

(Get Free Report)

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.

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