Economic Investment Trust (TSE:EVT) Reaches New 12-Month High – Here’s Why

Economic Investment Trust Limited (TSE:EVT) reached a new 52-week high during trading on Monday . The stock traded as high as C$175.00 and last traded at C$175.00, with a volume of 199 shares. The stock had previously closed at C$173.00.

Economic Investment Trust Price Performance

The stock’s fifty day moving average is C$164.64 and its 200-day moving average is C$152.71. The stock has a market cap of C$983.50 million, a PE ratio of 3.36 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, December 16th.

Insider Buying and Selling

In related news, insider Economic Investment Trust Limited purchased 200 shares of Economic Investment Trust stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average cost of C$161.40 per share, with a total value of C$32,280.00. Following the purchase, the insider now owns 200 shares of the company’s stock, valued at approximately C$32,280. 79.70% of the stock is currently owned by company insiders.

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.