BMO Covered Call Utilities ETF (TSE:ZWU) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of BMO Covered Call Utilities ETF (TSE:ZWU) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.62 and traded as high as C$10.83. BMO Covered Call Utilities ETF shares last traded at C$10.83, with a volume of 233,572 shares changing hands.

BMO Covered Call Utilities ETF Trading Up 0.7 %

The business’s fifty day moving average price is C$10.62 and its 200 day moving average price is C$10.87.

BMO Covered Call Utilities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date was Thursday, January 30th.

BMO Covered Call Utilities ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S.