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

Shares of BMO Equal Weight Utilities Index ETF (TSE:ZUT) reached a new 52-week high on Friday . The company traded as high as C$27.16 and last traded at C$27.08, with a volume of 45995 shares trading hands. The stock had previously closed at C$26.63.

BMO Equal Weight Utilities Index ETF Stock Performance

The stock has a 50 day moving average of C$25.60 and a 200-day moving average of C$24.52.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Tuesday, November 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

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.