Economic Investment Trust (TSE:EVT) Reaches New 52-Week High – Still a Buy?

Economic Investment Trust Limited (TSE:EVT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$187.80 and last traded at C$187.80, with a volume of 538 shares. The stock had previously closed at C$184.83.

Economic Investment Trust Stock Performance

The business’s fifty day moving average price is C$172.54 and its two-hundred day moving average price is C$166.70. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 3.65 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.20 annualized dividend and a yield of 0.64%.

Insider Buying and Selling at Economic Investment Trust

In other news, insider Economic Investment Trust Limited acquired 300 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of C$164.00 per share, for a total transaction of C$49,200.00. Company insiders own 79.70% of the company’s stock.

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.