Economic Investment Trust (TSE:EVT) Shares Up 0.9% – Here’s What Happened

Economic Investment Trust Limited (TSE:EVT) was up 0.9% during mid-day trading on Wednesday . The stock traded as high as C$164.00 and last traded at C$164.00. Approximately 275 shares changed hands during trading, a decline of 57% from the average daily volume of 637 shares. The stock had previously closed at C$162.50.

Economic Investment Trust Stock Performance

The firm has a market capitalization of C$921.68 million, a price-to-earnings ratio of 3.19 and a beta of 0.75. The business’s 50 day moving average is C$169.44 and its 200-day moving average is C$159.22.

Economic Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%.

Insider Buying and Selling

In related news, insider Economic Investment Trust Limited bought 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of C$161.40 per share, with a total value of C$32,280.00. Following the completion of the transaction, the insider now owns 200 shares of the company’s stock, valued at C$32,280. The trade was a ∞ increase in their position. 79.70% of the stock is owned by insiders.

About Economic Investment Trust

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.