ZEB LongCanadian banks progressing well, entry here on the 4 hour. Pure trend following with long SL.
Key stats
About BMO Equal Weight Banks Index ETF CAD Units Trust Unit
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Inception date
Oct 20, 2009
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
ISIN
CA0556851016
The fund is passively managed to provide exposure to the Canadian banking industry, which encompasses both major banks and regional banks. To be eligible for inclusion, companies should be TSX-listed and must meet investability and liquidity requirements, including a minimum market capitalization of CAD 10 billion. The index weights the resulting portfolio equally, instead of by market-cap, which lowers single-name blow-up risk and may cause a tilt to smaller firms. The index is reconstituted on a semi-annual basis.
Related funds
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
ZEB entryLong ZEB, long bottoming pattern, 200D Ma will be tough resistance and trend line. Plan to move stop into profit at next opportunity. Weekly indicators are turning higher.
Bank's Ready for a TearPretty clear pattern on ZEB here. Strong support with potential 9% upside.
Plus collecting 4.5% dividend along the way!
ZEB - Canadian Banks losing steamAfter a 32% jump from this bear market’s current low on March 23, Canadian banks (equally weighted) stalled after a modest evening doji star; confirmed in the prior two sessions with half of an initial 10% reversal in the bag.
Today’s closing price is inline with support/resistance levels during th
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZEB assets under management is 4.29 B CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZEB invests in stocks. See more details in our Analysis section.
ZEB expense ratio is 0.28%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ZEB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, ZEB pays dividends to its holders with the dividend yield of 3.24%.
ZEB shares are issued by Bank of Montreal
ZEB follows the Solactive Equal Weight Canada Banks Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 20, 2009.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.