BMO Equal Weight US Banks Index ETF (TSE:ZBK) Trading Up 1% – Here’s Why

Shares of BMO Equal Weight US Banks Index ETF (TSE:ZBK) were up 1% during trading on Tuesday . The stock traded as high as C$46.35 and last traded at C$45.90. Approximately 34,132 shares changed hands during trading, a decline of 20% from the average daily volume of 42,511 shares. The stock had previously closed at C$45.44.

BMO Equal Weight US Banks Index ETF Stock Performance

The firm’s 50-day moving average is C$43.45 and its 200 day moving average is C$42.88.

About BMO Equal Weight US Banks Index ETF

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.