Shares of BMO Equal Weight US Banks Index ETF (TSE:ZBK – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$50.00 and last traded at C$49.98, with a volume of 6225 shares changing hands. The stock had previously closed at C$49.26.
BMO Equal Weight US Banks Index ETF Trading Up 1.4%
The firm has a 50-day moving average of C$46.01 and a two-hundred day moving average of C$44.07.
About BMO Equal Weight US Banks Index ETF
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.
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