BMO Equal Weight Utilities Index ETF (TSE:ZUT – Get Free Report) shares dropped 1.4% during mid-day trading on Monday . The company traded as low as C$28.79 and last traded at C$28.81. Approximately 55,146 shares were traded during mid-day trading, a decline of 20% from the average session volume of 68,664 shares. The stock had previously closed at C$29.23.
BMO Equal Weight Utilities Index ETF Stock Down 1.4%
The company’s 50 day moving average is C$30.08 and its 200 day moving average is C$28.78.
About BMO Equal Weight Utilities Index ETF
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. 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.
Further Reading
- Five stocks we like better than BMO Equal Weight Utilities Index ETF
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for BMO Equal Weight Utilities Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMO Equal Weight Utilities Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
