BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Down 0.4% – Here’s What Happened

BMO Equal Weight Utilities Index ETF (TSE:ZUT) shares dropped 0.4% on Tuesday . The stock traded as low as C$22.16 and last traded at C$22.22. Approximately 42,737 shares were traded during trading, an increase of 75% from the average daily volume of 24,431 shares. The stock had previously closed at C$22.32.

BMO Equal Weight Utilities Index ETF Price Performance

The business’s fifty day simple moving average is C$22.22 and its 200-day simple moving average is C$21.61.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Wednesday, November 27th.

BMO Equal Weight Utilities Index ETF Company Profile

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.