BMO Equal Weight Banks Index ETF (TSE:ZEB) Reaches New 52-Week High – What’s Next?

BMO Equal Weight Banks Index ETF (TSE:ZEB) hit a new 52-week high on Monday . The company traded as high as C$58.92 and last traded at C$58.90, with a volume of 678901 shares trading hands. The stock had previously closed at C$58.70.

BMO Equal Weight Banks Index ETF Stock Down 0.4%

The company has a fifty day moving average of C$55.67 and a 200-day moving average of C$51.22.

BMO Equal Weight Banks Index ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Tuesday, November 4th were given a dividend of $0.145 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, October 30th.

About BMO Equal Weight Banks Index ETF

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. 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.