BMO Equal Weight US Banks Index ETF (TSE:ZBK) Stock Price Up 0.8% – Still a Buy?
by Kim Johansen · The Markets DailyBMO Equal Weight US Banks Index ETF (TSE:ZBK – Get Free Report) shares were up 0.8% on Tuesday . The stock traded as high as C$39.93 and last traded at C$39.50. Approximately 41,924 shares traded hands during trading, a decline of 24% from the average daily volume of 55,213 shares. The stock had previously closed at C$39.19.
BMO Equal Weight US Banks Index ETF Price Performance
The stock’s 50 day simple moving average is C$43.18 and its 200-day simple moving average is C$41.47.
About BMO Equal Weight US Banks Index ETF
The ETF seeks to replicate, to the extent possible, the performance of a U.S. large capitalization banks index representing U.S. banks included in a U.S. bank sector or subsector industry classification, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight US Bank 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.