BMO Equal Weight REITs Index ETF (TSE:ZRE) Trading Down 0.2% – Here’s Why

BMO Equal Weight REITs Index ETF (TSE:ZRE)’s share price traded down 0.2% on Wednesday . The stock traded as low as C$22.08 and last traded at C$22.13. 22,294 shares were traded during trading, an increase of 0% from the average session volume of 22,258 shares. The stock had previously closed at C$22.18.

BMO Equal Weight REITs Index ETF Trading Down 0.5%

The stock has a 50-day moving average of C$23.72 and a 200 day moving average of C$23.59.

BMO Equal Weight REITs Index ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were issued a $0.089 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, August 28th.

BMO Equal Weight REITs Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian REITs index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada REIT 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.