BMO Equal Weight REITs Index ETF (TSE:ZRE) Trading Down 0.2% – Time to Sell?

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

BMO Equal Weight REITs Index ETF Stock Down 0.2%

The stock has a fifty day moving average of C$23.78 and a 200-day moving average of C$23.60.

BMO Equal Weight REITs Index ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a $0.089 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, August 28th.

About BMO Equal Weight REITs Index ETF

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.