BMO Low Volatility Canadian Equity ETF (TSE:ZLB) Sets New 1-Year High – Here’s Why

BMO Low Volatility Canadian Equity ETF (TSE:ZLB)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $59.64 and last traded at $59.49, with a volume of 12731 shares changing hands. The stock had previously closed at $59.31.

BMO Low Volatility Canadian Equity ETF Price Performance

The firm has a 50-day moving average price of $58.30 and a two-hundred day moving average price of $56.72.

BMO Low Volatility Canadian Equity ETF Company Profile

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.