BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

BMO Equal Weight Utilities Index ETF (TSE:ZUT) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$28.51 and traded as low as C$28.46. BMO Equal Weight Utilities Index ETF shares last traded at C$28.50, with a volume of 53,711 shares changing hands.

BMO Equal Weight Utilities Index ETF Price Performance

The stock has a 50-day simple moving average of C$28.25 and a 200-day simple moving average of C$28.54.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.0660 per share. The ex-dividend date was Friday, August 28th. This represents a $0.79 annualized dividend and a dividend yield of 2.8%.

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.