BMO Equal Weight Utilities Index ETF (TSE:ZUT) Trading Up 0.3% – What’s Next?

Shares of BMO Equal Weight Utilities Index ETF (TSE:ZUT) traded up 0.3% during mid-day trading on Tuesday . The company traded as high as C$21.12 and last traded at C$21.12. 27,429 shares changed hands during trading, a decline of 83% from the average session volume of 157,740 shares. The stock had previously closed at C$21.06.

BMO Equal Weight Utilities Index ETF Stock Performance

The stock’s 50-day moving average price is C$21.67 and its 200-day moving average price is C$21.82.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a yield of 4.26%. The ex-dividend date was Thursday, January 30th.

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.