Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ) has issued an update.
On June 19, 2025, BMO Financial Group announced its acquisition of Burgundy Asset Management Ltd., a leading independent wealth manager with approximately $27 billion in assets under management. This strategic move aims to expand BMO’s wealth management capabilities, particularly for high-net-worth and ultra-high-net-worth clients. The acquisition, valued at approximately $625 million, is expected to close by the end of 2025, pending regulatory approvals. Burgundy will operate under BMO Wealth Management, with its CEO, Robert Sankey, continuing to lead the business. This acquisition is anticipated to strengthen BMO’s position in the Canadian Investment Counsel space and enhance its offerings for private clients.
More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. BMO provides a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers across Canada, the United States, and select global markets. The company is committed to driving positive change for a thriving economy, sustainable future, and inclusive society.
Average Trading Volume: 283,126
Current Market Cap: $1.3B
Find detailed analytics on BULZ stock on TipRanks’ Stock Analysis page.