BMO Equal Weight REITs Index ETF (TSE:ZRE) Shares Up 0.1% – Should You Buy?

Shares of BMO Equal Weight REITs Index ETF (TSE:ZRE) shot up 0.1% on Thursday . The stock traded as high as C$23.90 and last traded at C$23.88. 16,040 shares were traded during mid-day trading, a decline of 34% from the average session volume of 24,135 shares. The stock had previously closed at C$23.85.

BMO Equal Weight REITs Index ETF Stock Performance

The business’s 50 day simple moving average is C$23.02 and its two-hundred day simple moving average is C$22.67.

BMO Equal Weight REITs Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd were given a dividend of $0.089 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, February 26th.

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.