BMO Equal Weight REITs Index ETF (TSE:ZRE) Stock Falls 0.3% – Should You Sell?

BMO Equal Weight REITs Index ETF (TSE:ZRE)’s stock price traded down 0.3% during mid-day trading on Wednesday. The stock traded as low as C$21.90 and last traded at C$22.00. Approximately 10,980 shares changed hands during trading, a decline of 53% from the average daily volume of 23,250 shares. The stock had previously closed at C$22.06.

BMO Equal Weight REITs Index ETF Stock Performance

The company has a 50-day moving average of C$22.99 and a 200 day moving average of C$23.54.

BMO Equal Weight REITs Index ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.0890 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, August 28th.

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.