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

Economic Investment Trust Limited (TSE:EVT) shares reached a new 52-week high during trading on Friday . The company traded as high as C$183.60 and last traded at C$183.60, with a volume of 200 shares trading hands. The stock had previously closed at C$182.00.

Economic Investment Trust Price Performance

The company has a 50 day simple moving average of C$170.88 and a 200-day simple moving average of C$164.25. The stock has a market cap of C$1.03 billion, a P/E ratio of 3.57 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Monday, December 16th.

Insider Activity

In related news, insider Economic Investment Trust Limited purchased 300 shares of Economic Investment Trust stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of C$164.00 per share, for a total transaction of C$49,200.00. 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.