BMO Equal Weight Banks Index ETF (TSE:ZEB) Reaches New 12-Month High – What’s Next?

Shares of BMO Equal Weight Banks Index ETF (TSE:ZEBGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$55.72 and last traded at C$55.69, with a volume of 432988 shares trading hands. The stock had previously closed at C$55.10.

BMO Equal Weight Banks Index ETF Stock Performance

The stock has a 50-day moving average of C$53.38 and a 200-day moving average of C$49.17.

BMO Equal Weight Banks Index ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Tuesday, November 4th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 3.1%.

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.

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