BMO Covered Call Utilities ETF (TSE:ZWU) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

BMO Covered Call Utilities ETF (TSE:ZWUGet Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.87 and traded as low as C$10.66. BMO Covered Call Utilities ETF shares last traded at C$10.71, with a volume of 254,808 shares traded.

BMO Covered Call Utilities ETF Stock Performance

The business has a 50-day moving average price of C$10.65 and a two-hundred day moving average price of C$10.87.

BMO Covered Call Utilities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date was Thursday, January 30th.

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.

Further Reading

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