BMO Equal Weight US Banks Index ETF (TSE:ZBK) Reaches New 12-Month High – Should You Buy?

Shares of BMO Equal Weight US Banks Index ETF (TSE:ZBK) reached a new 52-week high on Tuesday . The company traded as high as C$50.22 and last traded at C$50.22, with a volume of 5558 shares. The stock had previously closed at C$49.00.

BMO Equal Weight US Banks Index ETF Price Performance

The company’s 50-day moving average is C$47.88 and its two-hundred day moving average is C$44.66.

BMO Equal Weight US Banks Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a U.S. large capitalization banks index representing U.S. banks included in a U.S. bank sector or subsector industry classification, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight US Bank 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.