Economic Investment Trust (TSE:EVT) Trading Down 0.3% – Here’s What Happened

Economic Investment Trust Limited (TSE:EVT) was down 0.3% during trading on Tuesday . The company traded as low as C$183.00 and last traded at C$183.00. Approximately 590 shares were traded during trading, a decline of 17% from the average daily volume of 709 shares. The stock had previously closed at C$183.52.

Economic Investment Trust Trading Down 0.5 %

The stock has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 3.58 and a beta of 0.75. The stock has a 50-day simple moving average of C$181.03 and a 200 day simple moving average of C$171.63.

Economic Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%.

Insiders Place Their Bets

In other Economic Investment Trust news, insider Economic Investment Trust Limited acquired 300 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of C$164.00 per share, for a total transaction of C$49,200.00. Corporate insiders own 79.70% of the company’s stock.

About Economic Investment Trust

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.