BMO Equal Weight Utilities Index ETF (TSE:ZUT) Sets New 52-Week High – Time to Buy?

BMO Equal Weight Utilities Index ETF (TSE:ZUT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$27.58 and last traded at C$27.46, with a volume of 10553 shares changing hands. The stock had previously closed at C$27.38.

BMO Equal Weight Utilities Index ETF Price Performance

The stock’s fifty day moving average is C$25.77 and its two-hundred day moving average is C$25.57.

About BMO Equal Weight Utilities Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities 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.