BMO Covered Call Utilities ETF (TSE:ZWU) Hits New 1-Year High – Should You Buy?

BMO Covered Call Utilities ETF (TSE:ZWUGet Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$11.65 and last traded at C$11.61, with a volume of 286853 shares traded. The stock had previously closed at C$11.59.

BMO Covered Call Utilities ETF Stock Performance

The business has a 50 day moving average of C$11.39 and a two-hundred day moving average of C$11.13.

BMO Covered Call Utilities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, September 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

About BMO Covered Call Utilities ETF

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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.

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