BMO Equal Weight REITs Index ETF (TSE:ZRE) Stock Price Down 0.3% – Should You Sell?

BMO Equal Weight REITs Index ETF (TSE:ZRE) shares dropped 0.3% on Wednesday. The stock traded as low as C$21.90 and last traded at C$22.00. Approximately 10,980 shares changed hands during trading, a decline of 53% from the average session volume of 23,250 shares. The stock had previously closed at C$22.06.

BMO Equal Weight REITs Index ETF Price Performance

The business’s fifty day moving average price is C$22.99 and its 200-day moving average price is C$23.54.

BMO Equal Weight REITs Index ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were paid a $0.0890 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.07 annualized dividend and a yield of 4.9%.

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.