Shares of Economic Investment Trust Limited (TSE:EVT) traded down 0.3% during mid-day trading on Tuesday . The stock traded as low as C$104.90 and last traded at C$104.90, 301 shares traded hands during mid-day trading. A decline of 52% from the average session volume of 631 shares. The stock had previously closed at C$105.20.
The stock has a market capitalization of $590.76 million and a P/E ratio of 23.78. The company’s fifty day simple moving average is C$105.95.
In other news, Director Duncan Newton Rowell Jackman purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of C$109.99 per share, with a total value of C$109,989.00. Following the acquisition, the director now directly owns 39,389 shares of the company’s stock, valued at C$4,332,356.72. Insiders bought a total of 3,300 shares of company stock valued at $352,864 in the last three months.
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.
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