Economic Investment Trust (TSE:EVT) Stock Price Up 0.9% – Should You Buy?

Economic Investment Trust Limited (TSE:EVT)’s share price rose 0.9% during mid-day trading on Wednesday . The stock traded as high as C$164.00 and last traded at C$164.00. Approximately 275 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 637 shares. The stock had previously closed at C$162.50.

Economic Investment Trust Stock Performance

The business’s 50 day moving average price is C$169.44 and its 200-day moving average price is C$159.22. The company has a market cap of C$921.68 million, a price-to-earnings ratio of 3.19 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.73%.

Insider Buying and Selling at Economic Investment Trust

In other news, insider Economic Investment Trust Limited bought 200 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average price of C$161.40 per share, for a total transaction of C$32,280.00. Following the completion of the purchase, the insider now owns 200 shares of the company’s stock, valued at approximately C$32,280. The trade was a ∞ increase in their position. 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.