BMO Equal Weight Banks Index ETF (TSE:ZEB) Sets New 1-Year High – Should You Buy?

Shares of BMO Equal Weight Banks Index ETF (TSE:ZEB) reached a new 52-week high on Tuesday . The company traded as high as C$55.72 and last traded at C$55.69, with a volume of 432988 shares changing hands. The stock had previously closed at C$55.10.

BMO Equal Weight Banks Index ETF Stock Performance

The firm has a 50 day simple moving average of C$53.38 and a two-hundred day simple moving average of C$49.17.

BMO Equal Weight Banks Index ETF Dividend Announcement

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

BMO Equal Weight Banks Index ETF Company Profile

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.