BMO Equal Weight REITs Index ETF (TSE:ZRE) Stock Price Down 0.2% – Time to Sell?

BMO Equal Weight REITs Index ETF (TSE:ZRE)’s stock price traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as C$22.08 and last traded at C$22.13. Approximately 22,294 shares traded hands during trading, an increase of 0% from the average session volume of 22,258 shares. The stock had previously closed at C$22.18.

BMO Equal Weight REITs Index ETF Price Performance

The company has a 50 day moving average price of C$23.78 and a 200 day moving average price of C$23.60.

BMO Equal Weight REITs Index ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were issued a $0.089 dividend. The ex-dividend date was Friday, August 28th. This represents a c) annualized dividend and a yield of 4.8%.

About BMO Equal Weight REITs Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian REITs index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada REIT 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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.