BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Up 0.5% – Time to Buy?

BMO Equal Weight Utilities Index ETF (TSE:ZUT) rose 0.5% during trading on Wednesday . The company traded as high as C$29.23 and last traded at C$29.14. Approximately 28,606 shares traded hands during trading, a decline of 63% from the average daily volume of 77,703 shares. The stock had previously closed at C$29.00.

BMO Equal Weight Utilities Index ETF Stock Up 0.5%

The firm has a 50 day moving average price of C$28.69 and a two-hundred day moving average price of C$26.99.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd were paid a $0.069 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 26th.

BMO Equal Weight Utilities Index ETF Company Profile

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.