BMO Covered Call Utilities ETF (TSE:ZWU) Trading Down 0.5% – What’s Next?

BMO Covered Call Utilities ETF (TSE:ZWU)’s share price fell 0.5% during mid-day trading on Monday . The stock traded as low as C$10.92 and last traded at C$11.04. 537,905 shares were traded during trading, an increase of 32% from the average session volume of 406,525 shares. The stock had previously closed at C$11.09.

BMO Covered Call Utilities ETF Stock Down 0.5%

The business has a 50 day moving average of C$11.21 and a 200-day moving average of C$11.26.

BMO Covered Call Utilities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

About BMO Covered Call Utilities ETF

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.