BMO Equal Weight REITs Index ETF (TSE:ZRE) Shares Down 0.9% – Time to Sell?

BMO Equal Weight REITs Index ETF (TSE:ZRE) dropped 0.9% during trading on Wednesday. The company traded as low as C$21.99 and last traded at C$22.07. 43,145 shares were traded during trading, an increase of 88% from the average daily volume of 22,927 shares. The stock had previously closed at C$22.27.

BMO Equal Weight REITs Index ETF Trading Down 0.4%

The company has a fifty day moving average of C$22.45 and a 200 day moving average of C$23.35.

BMO Equal Weight REITs Index ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, October 29th. This represents a $1.08 annualized dividend and a dividend yield of 5.0%.

BMO Equal Weight REITs Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian REITs index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada REIT 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.