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

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

Economic Investment Trust Stock Up 1.6 %

The firm has a market cap of C$1.06 billion, a PE ratio of 3.65 and a beta of 0.75. The business has a 50 day simple moving average of C$172.54 and a two-hundred day simple moving average of C$166.70.

Economic Investment Trust Dividend Announcement

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

Insider Activity at Economic Investment Trust

In other news, insider Economic Investment Trust Limited acquired 300 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of C$164.00 per share, with a total value of C$49,200.00. 79.70% of the stock is currently owned by company 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.