BMO Equal Weight Utilities Index ETF (TSE:ZUT) Sets New 52-Week High – Here’s Why

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$27.58 and last traded at C$27.46, with a volume of 10553 shares changing hands. The stock had previously closed at C$27.38.

BMO Equal Weight Utilities Index ETF Trading Down 0.1%

The stock has a 50-day moving average price of C$25.87 and a 200 day moving average price of C$25.62.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd will be issued a $0.069 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, February 26th.

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.