BMO Equal Weight US Banks Index ETF (TSE:ZBK) Hits New 1-Year High – Should You Buy?

Shares of BMO Equal Weight US Banks Index ETF (TSE:ZBKGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$44.35 and last traded at C$44.35, with a volume of 1657 shares trading hands. The stock had previously closed at C$42.50.

BMO Equal Weight US Banks Index ETF Stock Down 1.0%

The firm’s 50 day simple moving average is C$41.16 and its two-hundred day simple moving average is C$39.68.

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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