Economic Investment Trust (TSE:EVT) Sets New 52-Week High – What’s Next?

Economic Investment Trust Limited (TSE:EVT)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$185.21 and last traded at C$185.21, with a volume of 560 shares changing hands. The stock had previously closed at C$182.20.

Economic Investment Trust Stock Performance

The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 3.63 and a beta of 0.75. The firm has a fifty day moving average price of C$171.78 and a 200-day moving average price of C$165.71.

Economic Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, December 16th.

Insider Activity

In other Economic Investment Trust news, insider Economic Investment Trust Limited purchased 300 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of C$164.00 per share, for a total transaction of C$49,200.00. Corporate insiders own 79.70% of the company’s stock.

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.