Economic Investment Trust (TSE:EVT) Reaches New 1-Year High - Should You Buy?

Economic Investment Trust Limited (TSE:EVT - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as C$193.59 and last traded at C$193.59, with a volume of 300 shares. The stock had previously closed at C$190.00.

Economic Investment Trust Trading Down 1.7 %

The firm's 50 day simple moving average is C$175.63 and its two-hundred day simple moving average is C$168.88. The firm has a market cap of C$1.03 billion, a price-to-earnings ratio of 3.55 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. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, December 16th.

Insider Transactions at Economic Investment Trust

In related news, insider Economic Investment Trust Limited bought 300 shares of Economic Investment Trust stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of C$164.00 per share, with a total value of C$49,200.00. 79.70% of the stock is currently owned by 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.