BMO Equal Weight US Banks Index ETF (TSE:ZBK) Reaches New 52-Week High – Here’s Why

BMO Equal Weight US Banks Index ETF (TSE:ZBKGet Free Report) hit a new 52-week high on Monday . The company traded as high as C$43.53 and last traded at C$43.53, with a volume of 684 shares trading hands. The stock had previously closed at C$43.36.

BMO Equal Weight US Banks Index ETF Stock Performance

The company has a 50 day moving average price of C$39.99 and a 200 day moving average price of C$38.93.

About BMO Equal Weight US Banks Index ETF

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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.

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