BMO Equal Weight REITs Index ETF (TSE:ZRE) Shares Down 0.3% – Time to Sell?

BMO Equal Weight REITs Index ETF (TSE:ZRE) was down 0.3% during mid-day trading on Thursday . The company traded as low as C$22.95 and last traded at C$22.95. Approximately 10,537 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 26,607 shares. The stock had previously closed at C$23.03.

BMO Equal Weight REITs Index ETF Stock Down 0.3%

The firm has a 50 day moving average of C$22.90 and a 200-day moving average of C$22.51.

BMO Equal Weight REITs Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd were given a dividend of $0.089 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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. 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.