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

Shares of BMO Equal Weight Utilities Index ETF (TSE:ZUT) dropped 0.4% 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 Price Performance

The firm has a 50-day moving average price of C$22.22 and a 200-day moving average price of C$21.61.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, December 3rd were issued a $0.075 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.90 dividend on an annualized basis and a yield of 4.14%.

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.