BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Falls 0.4% – Here’s Why

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s stock price dropped 0.4% during trading on Thursday. The company traded as low as C$28.23 and last traded at C$28.36. Approximately 29,636 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 66,516 shares. The stock had previously closed at C$28.48.

BMO Equal Weight Utilities Index ETF Price Performance

The stock’s 50 day simple moving average is C$28.46 and its 200-day simple moving average is C$29.18.

BMO Equal Weight Utilities Index ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a $0.0660 dividend. This represents a $0.79 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 28th.

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.