Economic Investment Trust (TSE:EVT) Sets New 12-Month High – What’s Next?

Economic Investment Trust Limited (TSE:EVT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$177.71 and last traded at C$177.71, with a volume of 100 shares traded. The stock had previously closed at C$174.35.

Economic Investment Trust Stock Up 1.0 %

The stock’s 50-day moving average is C$165.87 and its 200 day moving average is C$154.39. The stock has a market capitalization of C$989.74 million, a PE ratio of 3.42 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date is Monday, December 16th.

Insider Transactions at Economic Investment Trust

In other news, insider Economic Investment Trust Limited purchased 200 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average cost of C$159.58 per share, for a total transaction of C$31,915.00. Following the completion of the acquisition, the insider now directly owns 200 shares of the company’s stock, valued at approximately C$31,915. The trade was a ∞ increase in their ownership of the stock. 79.70% of the stock is currently owned by company insiders.

About Economic Investment Trust

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.