Economic Investment Trust (TSE:EVT) Hits New 12-Month High – Still a Buy?

Economic Investment Trust Limited (TSE:EVT) hit a new 52-week high on Tuesday . The company traded as high as C$193.59 and last traded at C$193.59, with a volume of 300 shares trading hands. The stock had previously closed at C$190.00.

Economic Investment Trust Stock Down 2.3 %

The firm has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 3.61 and a beta of 0.75. The company has a fifty day moving average price of C$174.86 and a two-hundred day moving average price of C$168.38.

Economic Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, December 16th.

Insider Buying and Selling at Economic Investment Trust

In other Economic Investment Trust news, insider Economic Investment Trust Limited bought 300 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price 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.

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.