BMO Covered Call Utilities ETF (TSE:ZWU) Reaches New 12-Month High – Here’s Why

BMO Covered Call Utilities ETF (TSE:ZWU)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$11.97 and last traded at C$11.95, with a volume of 46309 shares. The stock had previously closed at C$11.93.

BMO Covered Call Utilities ETF Price Performance

The stock has a fifty day moving average price of C$11.20 and a two-hundred day moving average price of C$11.31.

BMO Covered Call Utilities ETF Dividend Announcement

The business 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 7.0%.

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.