BMO Equal Weight Banks Index ETF (TSE:ZEB) Reaches New 1-Year High – Time to Buy?

BMO Equal Weight Banks Index ETF (TSE:ZEB) reached a new 52-week high on Tuesday . The company traded as high as C$55.06 and last traded at C$55.03, with a volume of 1458404 shares trading hands. The stock had previously closed at C$54.55.

BMO Equal Weight Banks Index ETF Stock Performance

The stock has a 50 day simple moving average of C$53.18 and a two-hundred day simple moving average of C$48.86.

BMO Equal Weight Banks Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Tuesday, November 4th were given a $0.145 dividend. The ex-dividend date was Thursday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

About BMO Equal Weight Banks Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks 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.