BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Price Down 0.4% – Here’s Why

Shares of BMO Equal Weight Utilities Index ETF (TSE:ZUT) were down 0.4% on Tuesday . The stock traded as low as C$22.16 and last traded at C$22.22. Approximately 42,737 shares traded hands during mid-day 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 Price Performance

The company’s 50-day moving average is C$22.23 and its two-hundred day moving average is C$21.60.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.05%. The ex-dividend date 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.