BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Up 0.6% – Time to Buy?

BMO Equal Weight Utilities Index ETF (TSE:ZUTGet Free Report) rose 0.6% on Wednesday . The stock traded as high as C$22.52 and last traded at C$22.39. Approximately 20,855 shares were traded during trading, a decline of 84% from the average daily volume of 133,761 shares. The stock had previously closed at C$22.26.

BMO Equal Weight Utilities Index ETF Trading Up 0.6 %

The firm’s fifty day moving average is C$21.66 and its 200-day moving average is C$21.96.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Thursday, January 30th.

About BMO Equal Weight Utilities Index ETF

(Get Free Report)

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.

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