BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Down 0.4% – What’s Next?

BMO Equal Weight Utilities Index ETF (TSE:ZUT)’s stock price dropped 0.4% during mid-day trading on Tuesday . The company traded as low as C$22.16 and last traded at C$22.22. Approximately 42,737 shares changed hands during trading, an increase of 75% from the average daily volume of 24,431 shares. The stock had previously closed at C$22.32.

BMO Equal Weight Utilities Index ETF Stock Performance

The business has a fifty day moving average of C$22.23 and a 200-day moving average of C$21.60.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd were issued a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Wednesday, November 27th.

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.