BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Down 0.2% – What’s Next?

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s share price traded down 0.2% on Wednesday . The company traded as low as C$25.46 and last traded at C$25.49. 36,537 shares changed hands during trading, a decline of 60% from the average session volume of 91,632 shares. The stock had previously closed at C$25.53.

BMO Equal Weight Utilities Index ETF Stock Down 0.2%

The firm has a 50 day moving average of C$25.55 and a 200 day moving average of C$25.23.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Tuesday, November 4th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 3.3%.

About BMO Equal Weight Utilities Index ETF

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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.