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

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

BMO Equal Weight Utilities Index ETF Stock Down 4.5 %

The company’s 50 day simple moving average is C$21.92 and its two-hundred day simple moving average is C$22.12.

BMO Equal Weight Utilities Index ETF Dividend Announcement

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

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.