BMO Equal Weight Utilities Index ETF (TSE:ZUT) Sets New 52-Week High – Should You Buy?

Shares of BMO Equal Weight Utilities Index ETF (TSE:ZUTGet Free Report) reached a new 52-week high on Friday . The company traded as high as C$27.16 and last traded at C$27.08, with a volume of 45995 shares changing hands. The stock had previously closed at C$26.63.

BMO Equal Weight Utilities Index ETF Price Performance

The firm’s 50-day moving average is C$25.60 and its two-hundred day moving average is C$24.52.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Tuesday, November 4th were given a $0.07 dividend. The ex-dividend date was Thursday, October 30th. This represents a c) annualized dividend and a yield of 3.1%.

BMO Equal Weight Utilities Index ETF Company Profile

(Get Free Report)

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.

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