BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Up 0.5% – What’s Next?

BMO Equal Weight Utilities Index ETF (TSE:ZUT) shares were up 0.5% during trading on Wednesday . The stock traded as high as C$29.23 and last traded at C$29.14. Approximately 28,606 shares traded hands during mid-day 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 Trading Up 0.5%

The stock’s 50 day moving average price is C$28.69 and its 200 day moving average price is C$26.99.

BMO Equal Weight Utilities Index ETF Dividend Announcement

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

About BMO Equal Weight Utilities Index ETF

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.