BMO Equal Weight US Banks Index ETF (TSE:ZBK) Reaches New 12-Month High – What’s Next?

BMO Equal Weight US Banks Index ETF (TSE:ZBK) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$41.97 and last traded at C$41.96, with a volume of 2801 shares. The stock had previously closed at C$41.48.

BMO Equal Weight US Banks Index ETF Trading Up 1.1%

The company has a fifty day simple moving average of C$39.41 and a two-hundred day simple moving average of C$38.39.

BMO Equal Weight US Banks Index ETF Company Profile

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.