BMO Equal Weight Utilities Index ETF (TSE:ZUT) Sets New 12-Month High – Time to Buy?

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$24.18 and last traded at C$24.18, with a volume of 4252 shares traded. The stock had previously closed at C$23.90.

BMO Equal Weight Utilities Index ETF Price Performance

The company’s 50-day moving average price is C$23.08 and its 200 day moving average price is C$22.39.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, June 3rd were paid a $0.075 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.90 annualized dividend and a dividend yield of 3.73%.

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.