BMO Covered Call Utilities ETF (TSE:ZWU) Stock Price Passes Below 50 Day Moving Average – What’s Next?

BMO Covered Call Utilities ETF (TSE:ZWU) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$11.93 and traded as low as C$11.88. BMO Covered Call Utilities ETF shares last traded at C$11.99, with a volume of 285,634 shares traded.

BMO Covered Call Utilities ETF Price Performance

The business’s 50 day simple moving average is C$11.93 and its 200 day simple moving average is C$11.80.

BMO Covered Call Utilities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, June 29th.

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.