BMO Equal Weight Utilities Index ETF (TSE:ZUT) Trading 0.7% Higher – Here’s What Happened

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s share price traded up 0.7% during mid-day trading on Thursday . The stock traded as high as C$24.49 and last traded at C$24.41. 23,943 shares traded hands during trading, a decline of 78% from the average session volume of 106,414 shares. The stock had previously closed at C$24.24.

BMO Equal Weight Utilities Index ETF Stock Performance

The company has a fifty day moving average price of C$24.49 and a 200-day moving average price of C$23.57.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, August 28th.

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.