BMO Equal Weight REITs Index ETF (TSE:ZRE) Trading Down 1.6% – Time to Sell?
by Mitch Edgeman · The Markets DailyShares of BMO Equal Weight REITs Index ETF (TSE:ZRE – Get Free Report) traded down 1.6% during trading on Thursday . The company traded as low as C$22.10 and last traded at C$22.16. 11,074 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 29,600 shares. The stock had previously closed at C$22.52.
BMO Equal Weight REITs Index ETF Stock Performance
The business’s 50 day moving average price is C$23.21 and its two-hundred day moving average price is C$22.54.
BMO Equal Weight REITs Index ETF Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd were paid a dividend of $0.089 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.
BMO Equal Weight REITs Index ETF Company Profile
The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian REITs index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada REIT 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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.