Economic Investment Trust (TSE:EVT) Hits New 1-Year High – Here’s What Happened

Economic Investment Trust Limited (TSE:EVT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$180.00 and last traded at C$180.00, with a volume of 300 shares traded. The stock had previously closed at C$177.00.

Economic Investment Trust Stock Performance

The firm has a 50 day simple moving average of C$169.83 and a two-hundred day simple moving average of C$162.27. The firm has a market capitalization of C$1.01 billion, a P/E ratio of 3.50 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.67%.

Insider Buying and Selling

In other Economic Investment Trust news, insider Economic Investment Trust Limited purchased 300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 owned by corporate 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.