BMO Equal Weight US Banks Index ETF (TSE:ZBK) Shares Down 0.1% – Time to Sell?

BMO Equal Weight US Banks Index ETF (TSE:ZBK) dropped 0.1% during mid-day trading on Thursday . The company traded as low as C$39.00 and last traded at C$39.27. Approximately 29,091 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 83,396 shares. The stock had previously closed at C$39.29.

BMO Equal Weight US Banks Index ETF Stock Up 0.4%

The firm’s 50 day simple moving average is C$39.61 and its 200 day simple moving average is C$37.40.

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.