BMO Equal Weight Utilities Index ETF (TSE:ZUT) Stock Price Down 1.1% – Here’s What Happened

BMO Equal Weight Utilities Index ETF (TSE:ZUT) shares were down 1.1% on Thursday . The company traded as low as C$22.68 and last traded at C$22.73. Approximately 26,436 shares changed hands during trading, a decline of 80% from the average daily volume of 134,950 shares. The stock had previously closed at C$22.98.

BMO Equal Weight Utilities Index ETF Price Performance

The firm has a 50-day moving average of C$21.92 and a 200-day moving average of C$22.12.

BMO Equal Weight Utilities Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Tuesday, February 4th were paid a $0.075 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Thursday, January 30th.

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.