BMO Equal Weight Utilities Index ETF (ZUT) To Go Ex-Dividend on August 28th

BMO Equal Weight Utilities Index ETF (TSE:ZUT) declared a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.066 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 28th.

BMO Equal Weight Utilities Index ETF Trading Up 0.6%

TSE:ZUT traded up C$0.18 on Wednesday, hitting C$28.93. The stock had a trading volume of 28,823 shares, compared to its average volume of 65,828. The business’s 50-day simple moving average is C$29.93 and its two-hundred day simple moving average is C$29.04. BMO Equal Weight Utilities Index ETF has a 52-week low of C$24.00 and a 52-week high of C$31.10.

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.