BMO Equal Weight US Banks Index ETF (TSE:ZBK) Stock Price Down 0.7% – Here’s What Happened

BMO Equal Weight US Banks Index ETF (TSE:ZBK)’s share price fell 0.7% during mid-day trading on Tuesday . The company traded as low as C$42.57 and last traded at C$42.93. 64,986 shares traded hands during trading, an increase of 32% from the average session volume of 49,396 shares. The stock had previously closed at C$43.23.

BMO Equal Weight US Banks Index ETF Stock Up 1.1%

The firm’s 50 day simple moving average is C$44.00 and its 200 day simple moving average is C$41.30.

BMO Equal Weight US Banks Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a U.S. large capitalization banks index representing U.S. banks included in a U.S. bank sector or subsector industry classification, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight US Bank 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.