BMO Equal Weight Banks Index ETF (TSE:ZEB) Reaches New 1-Year High – Here’s What Happened

BMO Equal Weight Banks Index ETF (TSE:ZEB)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$53.94 and last traded at C$53.86, with a volume of 149100 shares. The stock had previously closed at C$53.63.

BMO Equal Weight Banks Index ETF Stock Up 0.5%

The business’s fifty day moving average is C$52.22 and its 200-day moving average is C$47.69.

BMO Equal Weight Banks Index ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Tuesday, November 4th were issued a $0.145 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, October 30th.

About BMO Equal Weight Banks Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks 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.