Economic Investment Trust (TSE:EVT) Sets New 1-Year High – Still a Buy?

Economic Investment Trust Limited (TSE:EVT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$193.59 and last traded at C$193.59, with a volume of 300 shares. The stock had previously closed at C$190.00.

Economic Investment Trust Stock Down 0.5 %

The company has a fifty day moving average of C$173.90 and a two-hundred day moving average of C$168.08. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 3.67 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, December 16th.

Insider Activity

In other Economic Investment Trust news, insider Economic Investment Trust Limited acquired 300 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of C$164.00 per share, with a total value of C$49,200.00. Insiders own 79.70% of the company’s stock.

Economic Investment Trust Company Profile

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.