BMO Equal Weight US Banks Index ETF (TSE:ZBK) Hits New 12-Month High – What’s Next?

BMO Equal Weight US Banks Index ETF (TSE:ZBKGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$45.26 and last traded at C$45.07, with a volume of 6636 shares trading hands. The stock had previously closed at C$44.39.

BMO Equal Weight US Banks Index ETF Price Performance

The company’s 50-day moving average is C$42.89 and its two-hundred day moving average is C$40.50.

About BMO Equal Weight US Banks Index ETF

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The ETF seeks to replicate, to the extent possible, the performance of a U.S. large capitalization banks index representing U.S. banks included in a U.S. bank sector or subsector industry classification, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight US Bank 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.

Further Reading

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