Economic Investment Trust (TSE:EVT) Reaches New 12-Month High – What’s Next?

Shares of Economic Investment Trust Limited (TSE:EVT) reached a new 52-week high during trading on Tuesday . The company traded as high as C$180.00 and last traded at C$180.00, with a volume of 300 shares. The stock had previously closed at C$177.00.

Economic Investment Trust Trading Up 1.2 %

The business’s 50 day moving average price is C$170.06 and its two-hundred day moving average price is C$162.52. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 3.57 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%.

Insider Transactions at Economic Investment Trust

In other news, insider Economic Investment Trust Limited purchased 300 shares of Economic Investment Trust stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of C$164.00 per share, for a total transaction of C$49,200.00. Company insiders own 79.70% of the company’s stock.

Economic Investment Trust Company Profile

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.