BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Price Up 0.3% – Time to Buy?

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

BMO Equal Weight Utilities Index ETF Stock Up 0.3 %

The company’s fifty day moving average price is C$21.67 and its two-hundred day moving average price is C$21.82.

BMO Equal Weight Utilities Index ETF Dividend Announcement

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

About BMO Equal Weight Utilities Index ETF

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.