BMO Equal Weight Banks Index ETF (TSE:ZEB) Sets New 1-Year High – Here’s What Happened

Shares of BMO Equal Weight Banks Index ETF (TSE:ZEB) reached a new 52-week high on Friday . The company traded as high as C$66.35 and last traded at C$66.34, with a volume of 263060 shares trading hands. The stock had previously closed at C$66.00.

BMO Equal Weight Banks Index ETF Trading Up 0.3%

The stock’s fifty day moving average is C$61.48 and its two-hundred day moving average is C$58.46.

BMO Equal Weight Banks Index ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd were issued a dividend of $0.146 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 2.6%.

BMO Equal Weight Banks Index ETF Company Profile

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.