BMO Low Volatility Canadian Equity ETF (TSE:ZLB) Reaches New 12-Month High – Should You Buy?

Shares of BMO Low Volatility Canadian Equity ETF (TSE:ZLBGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $58.25 and last traded at $58.24, with a volume of 3670 shares traded. The stock had previously closed at $58.20.

BMO Low Volatility Canadian Equity ETF Price Performance

The company has a 50 day simple moving average of $56.83 and a 200 day simple moving average of $55.08.

About BMO Low Volatility Canadian Equity ETF

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The ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation. The ETF will primarily invest in and hold equities of Canadian companies. Securities will be selected from the largest and most liquid securities in Canada. The securities that have lower sensitivity to market movements (beta) will be selected for the portfolio and it will be weighted so that a higher allocation is given to securities with lower beta.

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