BMO Equal Weight Banks Index ETF (TSE:ZEB) Trading Down 0.3% – Time to Sell?

BMO Equal Weight Banks Index ETF (TSE:ZEB) fell 0.3% during mid-day trading on Monday . The stock traded as low as C$58.65 and last traded at C$58.71. 823,898 shares traded hands during trading, a decline of 36% from the average session volume of 1,284,360 shares. The stock had previously closed at C$58.91.

BMO Equal Weight Banks Index ETF Stock Performance

The business’s 50 day simple moving average is C$57.66 and its 200 day simple moving average is C$53.03.

BMO Equal Weight Banks Index ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Tuesday, November 4th were paid a $0.145 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 3.0%.

About BMO Equal Weight Banks Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks 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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.