BMO Equal Weight US Banks Index ETF (TSE:ZBK) Shares Up 0.8% – Still a Buy?

BMO Equal Weight US Banks Index ETF (TSE:ZBK) shares traded up 0.8% on Tuesday . The company traded as high as C$39.93 and last traded at C$39.50. 41,924 shares changed hands during trading, a decline of 24% from the average session volume of 55,213 shares. The stock had previously closed at C$39.19.

BMO Equal Weight US Banks Index ETF Stock Performance

The firm has a 50-day moving average of C$43.28 and a 200-day moving average of C$41.48.

BMO Equal Weight US Banks Index ETF Company Profile

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.