BMO Equal Weight Utilities Index ETF (TSE:ZUT) Hits New 52-Week High – Time to Buy?

BMO Equal Weight Utilities Index ETF (TSE:ZUT) shares reached a new 52-week high on Wednesday . The stock traded as high as C$28.65 and last traded at C$28.59, with a volume of 64573 shares traded. The stock had previously closed at C$27.96.

BMO Equal Weight Utilities Index ETF Trading Up 2.4%

The business’s 50-day moving average price is C$26.87 and its two-hundred day moving average price is C$26.08.

BMO Equal Weight Utilities Index ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd were paid a dividend of $0.069 per share. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, February 26th.

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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.