BMO Equal Weight US Banks Index ETF (TSE:ZBK – Get Free Report)’s stock price dropped 0.6% during mid-day trading on Tuesday. The company traded as low as C$45.26 and last traded at C$45.29. Approximately 3,245 shares were traded during trading, a decline of 90% from the average daily volume of 33,196 shares. The stock had previously closed at C$45.58.
BMO Equal Weight US Banks Index ETF Stock Performance
The firm’s fifty day moving average price is C$47.60 and its 200 day moving average price is C$46.06.
BMO Equal Weight US Banks Index ETF Company Profile
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.
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