BMO Equal Weight Banks Index ETF (TSE:ZEB) Hits New 1-Year High – What’s Next?

BMO Equal Weight Banks Index ETF (TSE:ZEBGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$55.06 and last traded at C$55.03, with a volume of 1458404 shares changing hands. The stock had previously closed at C$54.55.

BMO Equal Weight Banks Index ETF Stock Performance

The company has a fifty day moving average of C$53.03 and a two-hundred day moving average of C$48.72.

BMO Equal Weight Banks Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Tuesday, November 4th were given a dividend of $0.145 per share. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, October 30th.

About BMO Equal Weight Banks Index ETF

(Get Free Report)

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

Further Reading

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