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Economic Investment Trust (TSE:EVT) Hits New 12-Month High - Here's Why

Economic Investment Trust logo with Finance background

Economic Investment Trust Limited (TSE:EVT - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$170.00 and last traded at C$170.00, with a volume of 400 shares. The stock had previously closed at C$168.26.

Economic Investment Trust Price Performance

The stock has a market cap of C$955.40 million, a price-to-earnings ratio of 3.30 and a beta of 0.75. The stock has a fifty day moving average of C$164.25 and a 200 day moving average of C$151.68.

Economic Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, September 16th.

Insider Activity at Economic Investment Trust

In other Economic Investment Trust news, insider Economic Investment Trust Limited bought 200 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average price of C$159.58 per share, for a total transaction of C$31,915.00. Following the completion of the purchase, the insider now directly owns 200 shares in the company, valued at C$31,915. 79.70% of the stock is currently owned by company 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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