BMO Equal Weight Utilities Index ETF (TSE:ZUT) Trading 0.8% Higher – Still a Buy?

BMO Equal Weight Utilities Index ETF (TSE:ZUTGet Free Report)’s stock price traded up 0.8% on Friday . The company traded as high as C$25.96 and last traded at C$25.84. 58,742 shares were traded during mid-day trading, a decline of 43% from the average session volume of 102,295 shares. The stock had previously closed at C$25.64.

BMO Equal Weight Utilities Index ETF Stock Performance

The firm has a 50 day moving average price of C$26.20 and a 200-day moving average price of C$24.87.

BMO Equal Weight Utilities Index ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Tuesday, November 4th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) dividend on an annualized basis and a yield of 3.3%.

About BMO Equal Weight Utilities Index ETF

(Get Free Report)

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.

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