BMO Equal Weight Utilities Index ETF (TSE:ZUT) Reaches New 12-Month High – Here’s Why

BMO Equal Weight Utilities Index ETF (TSE:ZUT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$29.46 and last traded at C$29.46, with a volume of 5424 shares trading hands. The stock had previously closed at C$29.34.

BMO Equal Weight Utilities Index ETF Price Performance

The stock has a fifty day simple moving average of C$27.60 and a two-hundred day simple moving average of C$26.43.

BMO Equal Weight Utilities Index ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd were paid a $0.069 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 2.8%.

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.