BMO Equal Weight REITs Index ETF (TSE:ZRE) Sets New 12-Month High – What’s Next?

BMO Equal Weight REITs Index ETF (TSE:ZRE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$24.19 and last traded at C$24.19, with a volume of 13357 shares changing hands. The stock had previously closed at C$23.68.

BMO Equal Weight REITs Index ETF Stock Performance

The company has a fifty day moving average price of C$22.91 and a 200-day moving average price of C$22.53.

BMO Equal Weight REITs Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd were issued a dividend of $0.089 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Thursday, February 26th.

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.