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Economic Investment Trust (TSE:EVT) Hits New 1-Year High - What's Next?

Economic Investment Trust logo with Finance background

Economic Investment Trust Limited (TSE:EVT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$183.60 and last traded at C$183.60, with a volume of 200 shares changing hands. The stock had previously closed at C$182.00.

Economic Investment Trust Stock Up 0.8 %

The firm has a 50-day moving average of C$171.34 and a two-hundred day moving average of C$165.27. The stock has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 3.54 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.20 annualized dividend and a yield of 0.66%.

Insider Transactions at Economic Investment Trust

In other news, insider Economic Investment Trust Limited purchased 300 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of C$164.00 per share, with a total value of C$49,200.00. Corporate insiders own 79.70% of the company's stock.

About Economic Investment Trust

(Get Free Report)

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.

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