BMO Equal Weight REITs Index ETF (TSE:ZRE) Shares Up 0.6% – Should You Buy?

Shares of BMO Equal Weight REITs Index ETF (TSE:ZRE) shot up 0.6% during mid-day trading on Wednesday . The company traded as high as C$22.00 and last traded at C$21.94. 22,351 shares changed hands during trading, a decline of 17% from the average session volume of 26,806 shares. The stock had previously closed at C$21.81.

BMO Equal Weight REITs Index ETF Stock Performance

The company’s 50 day moving average is C$21.90 and its 200 day moving average is C$22.17.

BMO Equal Weight REITs Index ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

About BMO Equal Weight REITs Index ETF

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.