Economic Investment Trust (TSE:EVT) Sets New 1-Year High – Time to Buy?

Economic Investment Trust Limited (TSE:EVT) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$185.21 and last traded at C$185.21, with a volume of 560 shares traded. The stock had previously closed at C$182.20.

Economic Investment Trust Price Performance

The firm has a 50-day simple moving average of C$171.78 and a 200 day simple moving average of C$165.71. The stock has a market capitalization of C$1.05 billion, a P/E ratio of 3.63 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 0.64%.

Insider Buying and Selling

In related news, insider Economic Investment Trust Limited bought 300 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were purchased 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.

Economic Investment Trust Company Profile

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.