Economic Investment Trust (TSE:EVT) Sets New 1-Year High – Here’s What Happened

Economic Investment Trust Limited (TSE:EVT)’s share price hit a new 52-week high during mid-day 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 Stock Performance

The firm has a fifty day moving average price of C$170.06 and a 200 day moving average price of C$162.52. The company has a market cap 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.30 per share. The ex-dividend date was Monday, December 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.65%.

Insider Buying and Selling

In other Economic Investment Trust news, insider Economic Investment Trust Limited purchased 300 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of C$164.00 per share, for a total transaction of C$49,200.00. 79.70% of the stock is currently owned by corporate insiders.

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.