BMO Equal Weight Utilities Index ETF (TSE:ZUT) Sets New 12-Month High – Here’s What Happened

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$26.11 and last traded at C$25.99, with a volume of 90169 shares. The stock had previously closed at C$25.88.

BMO Equal Weight Utilities Index ETF Stock Up 0.4%

The business’s 50 day simple moving average is C$24.60 and its 200 day simple moving average is C$23.82.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, September 3rd were issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 28th.

BMO Equal Weight Utilities Index ETF Company Profile

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.