BMO Equal Weight REITs Index ETF (TSE:ZRE) Sets New 1-Year High – Still a Buy?

BMO Equal Weight REITs Index ETF (TSE:ZRE)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$23.50 and last traded at C$23.36, with a volume of 25190 shares changing hands. The stock had previously closed at C$23.38.

BMO Equal Weight REITs Index ETF Trading Down 0.1%

The stock has a 50-day moving average price of C$22.00 and a 200 day moving average price of C$22.23.

BMO Equal Weight REITs Index ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 4.6%.

About BMO Equal Weight REITs Index ETF

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.