BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Down 0.2% – What’s Next?

BMO Equal Weight Utilities Index ETF (TSE:ZUT) was down 0.2% during trading on Thursday . The stock traded as low as C$26.00 and last traded at C$26.07. Approximately 23,943 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 115,756 shares. The stock had previously closed at C$26.13.

BMO Equal Weight Utilities Index ETF Price Performance

The firm’s 50 day moving average price is C$25.43 and its 200-day moving average price is C$25.40.

BMO Equal Weight Utilities Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities 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.