Economic Investment Trust (TSE:EVT) Trading Down 0.3% – Here’s What Happened

Economic Investment Trust Limited (TSE:EVT)’s share price was down 0.3% during mid-day trading on Tuesday . The stock traded as low as C$183.00 and last traded at C$183.00. Approximately 590 shares were traded during trading, a decline of 17% from the average daily volume of 709 shares. The stock had previously closed at C$183.52.

Economic Investment Trust Stock Performance

The stock has a 50 day moving average of C$181.03 and a two-hundred day moving average of C$171.63. The firm has a market capitalization of C$1.03 billion, a P/E ratio of 3.58 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, March 14th.

Insider Activity at Economic Investment Trust

In related news, insider Economic Investment Trust Limited acquired 300 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of C$164.00 per share, with a total value of C$49,200.00. 79.70% of the stock is owned by company insiders.

About Economic Investment Trust

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.