BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Price Up 0.2% – Here’s Why

Shares of BMO Equal Weight Utilities Index ETF (TSE:ZUT) rose 0.2% on Tuesday . The company traded as high as C$24.19 and last traded at C$24.04. Approximately 13,881 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 102,897 shares. The stock had previously closed at C$24.00.

BMO Equal Weight Utilities Index ETF Price Performance

The stock has a 50-day moving average price of C$23.39 and a two-hundred day moving average price of C$22.46.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, June 3rd were given a $0.075 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.74%.

BMO Equal Weight Utilities Index ETF Company Profile

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.