BMO Equal Weight REITs Index ETF (TSE:ZRE) Shares Down 0.7% – Here’s Why

BMO Equal Weight REITs Index ETF (TSE:ZREGet Free Report)’s stock price dropped 0.7% during mid-day trading on Wednesday . The company traded as low as C$22.21 and last traded at C$22.25. Approximately 19,131 shares traded hands during trading, a decline of 30% from the average daily volume of 27,521 shares. The stock had previously closed at C$22.40.

BMO Equal Weight REITs Index ETF Trading Down 0.7%

The stock’s 50-day simple moving average is C$22.43 and its 200-day simple moving average is C$21.76.

BMO Equal Weight REITs Index ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, July 30th.

About BMO Equal Weight REITs Index ETF

(Get Free Report)

The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian REITs index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada REIT 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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