Economic Investment Trust (TSE:EVT) Trading Up 0.9% – Here’s What Happened

Shares of Economic Investment Trust Limited (TSE:EVT) were up 0.9% during mid-day trading on Wednesday . The stock traded as high as C$164.00 and last traded at C$164.00. Approximately 275 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 637 shares. The stock had previously closed at C$162.50.

Economic Investment Trust Price Performance

The company has a market cap of C$921.68 million, a P/E ratio of 3.19 and a beta of 0.75. The stock has a 50-day moving average of C$169.42 and a 200 day moving average of C$159.35.

Economic Investment Trust Dividend Announcement

The firm also recently announced 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. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, December 16th.

Insider Activity

In related news, insider Economic Investment Trust Limited acquired 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average price of C$161.40 per share, with a total value of C$32,280.00. Following the purchase, the insider now directly owns 200 shares in the company, valued at approximately C$32,280. This trade represents a ∞ increase in their ownership of the stock. Corporate 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.