BMO Covered Call Utilities ETF (TSE:ZWU – Get Free Report)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$11.92 and traded as low as C$11.53. BMO Covered Call Utilities ETF shares last traded at C$11.66, with a volume of 882,705 shares trading hands.
BMO Covered Call Utilities ETF Trading Up 0.2%
The stock’s 50-day simple moving average is C$11.89 and its two-hundred day simple moving average is C$11.89.
BMO Covered Call Utilities ETF Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date was Thursday, July 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. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities.
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