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Economic Investment Trust (TSE:EVT) Stock Price Down 1.6% - Here's Why

Economic Investment Trust logo with Finance background

Economic Investment Trust Limited (TSE:EVT - Get Free Report)'s stock price traded down 1.6% during trading on Tuesday . The company traded as low as C$165.11 and last traded at C$168.27. 2,312 shares were traded during mid-day trading, an increase of 270% from the average session volume of 625 shares. The stock had previously closed at C$171.00.

Economic Investment Trust Stock Performance

The stock has a market cap of C$914.94 million, a price-to-earnings ratio of 3.16 and a beta of 0.75. The company has a 50-day moving average of C$169.01 and a 200-day moving average of C$157.30.

Economic Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, December 16th.

Insider Buying and Selling at Economic Investment Trust

In other Economic Investment Trust news, insider Economic Investment Trust Limited bought 200 shares of Economic Investment Trust stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average price of C$159.58 per share, for a total transaction of C$31,915.00. Following the acquisition, the insider now owns 200 shares of the company's stock, valued at C$31,915. The trade was a ∞ increase in their position. 79.70% of the stock is owned by insiders.

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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