Economic Investment Trust (TSE:EVT) Sets New 1-Year High – What’s Next?

Economic Investment Trust Limited (TSE:EVT) shares reached a new 52-week high on Friday . The company traded as high as C$183.60 and last traded at C$183.60, with a volume of 200 shares changing hands. The stock had previously closed at C$182.00.

Economic Investment Trust Trading Up 0.9 %

The company’s 50-day simple moving average is C$170.88 and its 200 day simple moving average is C$164.25. The stock has a market cap of C$1.03 billion, a P/E ratio of 3.57 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.30 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.65%.

Insider Activity at Economic Investment Trust

In other news, insider Economic Investment Trust Limited bought 300 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of C$164.00 per share, for a total transaction of C$49,200.00. 79.70% of the stock is currently 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.