BMO Covered Call Utilities ETF (TSE:ZWU) Shares Pass Below Fifty Day Moving Average – Time to Sell?

BMO Covered Call Utilities ETF (TSE:ZWU)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.16 and traded as low as C$11.10. BMO Covered Call Utilities ETF shares last traded at C$11.19, with a volume of 446,360 shares.

BMO Covered Call Utilities ETF Stock Performance

The business’s 50-day moving average is C$11.16 and its 200 day moving average is C$11.26.

BMO Covered Call Utilities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.