BMO Equal Weight Utilities Index ETF (TSE:ZUT) Trading 0.8% Higher – Time to Buy?

Shares of BMO Equal Weight Utilities Index ETF (TSE:ZUTGet Free Report) rose 0.8% during trading on Friday . The company traded as high as C$25.96 and last traded at C$25.84. Approximately 58,742 shares changed hands during trading, a decline of 43% from the average daily volume of 102,295 shares. The stock had previously closed at C$25.64.

BMO Equal Weight Utilities Index ETF Trading Up 0.8%

The business has a fifty day moving average price of C$26.20 and a 200 day moving average price of C$24.87.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Tuesday, November 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) dividend on an annualized basis and a yield of 3.3%.

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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