BMO Equal Weight REITs Index ETF (TSE:ZRE) Stock Price Up 0.6% – Still a Buy?

BMO Equal Weight REITs Index ETF (TSE:ZRE)’s stock price was up 0.6% during trading on Wednesday . The stock traded as high as C$23.72 and last traded at C$23.69. Approximately 12,640 shares changed hands during trading, a decline of 45% from the average daily volume of 22,834 shares. The stock had previously closed at C$23.55.

BMO Equal Weight REITs Index ETF Stock Down 1.0%

The firm has a 50 day moving average price of C$24.42 and a two-hundred day moving average price of C$23.68.

About BMO Equal Weight REITs Index ETF

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.