Economic Investment Trust (TSE:EVT) Reaches New 52-Week High

The share price of Economic Investment Trust Limited (TSE:EVT) surpassed previous records, hitting a significant 52-week high during midday trading on Tuesday. The stock peaked at C$193.59 and was last seen at the same price, with a trading volume of 300 shares. This marked an increase from its previous closing price of C$190.00.

Stock Performance Overview

Despite the notable achievement in reaching a new high, the stock has seen a minor decline of 0.5%. Currently, the fifty-day moving average stands at C$173.90 while the 200-day moving average is at C$168.08. Economic Investment Trust has a market capitalization of C$1.06 billion and a price-to-earnings (PE) ratio of 3.67, with a beta value of 0.75, indicating lower volatility compared to the market.

Dividend Declarations

Recent news from the company includes the declaration of a quarterly dividend, which was distributed on Tuesday, December 31st. Shareholders on record as of that date received a dividend payout of $0.30. Notably, the ex-dividend date for this payout was established as Monday, December 16th. This results in an annualized dividend total of $1.20, translating to a yield of 0.63%.

Insider Transactions

In related developments, it was reported that an insider from Economic Investment Trust Limited purchased 300 shares on December 18th at an average price of C$164.00, amounting to a transaction value of $49,200.00. Currently, insiders hold an impressive 79.70% of the company's stock.

About Economic Investment Trust

Economic Investment Trust Limited operates as a closed-ended equity mutual fund, managed by Burgundy Asset Management Ltd. The fund invests in diverse global public equity markets. Its investment strategy focuses on companies across varied sectors, aiming to outperform benchmarks such as the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.

Further Insights

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Investment Opportunities

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