BMO Laddered Preferred Share Index ETF (TSE:ZPR) Sets New 12-Month High – Here’s Why

BMO Laddered Preferred Share Index ETF (TSE:ZPRGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$12.25 and last traded at C$12.22, with a volume of 8879 shares changing hands. The stock had previously closed at C$12.24.

BMO Laddered Preferred Share Index ETF Stock Performance

The company’s 50 day simple moving average is C$12.07 and its two-hundred day simple moving average is C$11.85.

About BMO Laddered Preferred Share Index ETF

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The ETF seeks to replicate, to the extent possible, the performance of a Canadian preferred shares index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Laddered Canadian Preferred Share Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index.

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