Economic Investment Trust (TSE:EVT) Hits New 52-Week High – Time to Buy?

Economic Investment Trust Limited (TSE:EVT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$177.71 and last traded at C$177.71, with a volume of 100 shares. The stock had previously closed at C$174.35.

Economic Investment Trust Stock Performance

The firm has a 50 day moving average price of C$165.87 and a two-hundred day moving average price of C$154.39. The company has a market capitalization of C$989.74 million, a P/E ratio of 3.42 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend 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 that occurred on Tuesday, October 22nd. The shares were acquired at an average price of C$161.40 per share, for a total transaction of C$32,280.00. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately C$32,280. This represents a ∞ increase in their ownership of the stock. 79.70% of the stock is owned by corporate 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.