BMO Equal Weight US Banks Index ETF (TSE:ZBK) Trading Down 1.4% – Here’s Why

BMO Equal Weight US Banks Index ETF (TSE:ZBKGet Free Report) shares were down 1.4% during trading on Wednesday . The company traded as low as C$39.02 and last traded at C$39.09. Approximately 18,804 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 88,050 shares. The stock had previously closed at C$39.65.

BMO Equal Weight US Banks Index ETF Price Performance

The business has a 50-day moving average price of C$39.63 and a 200 day moving average price of C$36.45.

BMO Equal Weight US Banks Index ETF Company Profile

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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.

Further Reading

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