BMO Equal Weight REITs Index ETF (TSE:ZRE) Stock Falls 0.3% – What’s Next?

BMO Equal Weight REITs Index ETF (TSE:ZRE)’s share price was down 0.3% during trading on Wednesday. The company traded as low as C$21.90 and last traded at C$22.00. 10,980 shares were traded during trading, a decline of 53% from the average daily volume of 23,250 shares. The stock had previously closed at C$22.06.

BMO Equal Weight REITs Index ETF Trading Up 0.2%

The stock’s 50-day simple moving average is C$22.94 and its 200 day simple moving average is C$23.54.

BMO Equal Weight REITs Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were issued a dividend of $0.0890 per share. This represents a $1.07 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, August 28th.

BMO Equal Weight REITs Index ETF Company Profile

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