BMO Equal Weight US Banks Index ETF (TSE:ZBK) Shares Up 0.8% – Still a Buy?

BMO Equal Weight US Banks Index ETF (TSE:ZBK) was up 0.8% during mid-day trading on Monday . The stock traded as high as C$43.29 and last traded at C$43.13. Approximately 70,058 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 47,527 shares. The stock had previously closed at C$42.77.

BMO Equal Weight US Banks Index ETF Trading Up 0.8%

The firm has a fifty day moving average price of C$42.47 and a 200 day moving average price of C$40.32.

BMO Equal Weight US Banks Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a U.S. large capitalization banks index representing U.S. banks included in a U.S. bank sector or subsector industry classification, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight US Bank 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.