BMO Canadian Dividend ETF (TSE:ZDV) Stock Crosses Above 50-Day Moving Average – Should You Sell?

BMO Canadian Dividend ETF (TSE:ZDV) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$33.09 and traded as high as C$33.35. BMO Canadian Dividend ETF shares last traded at C$33.21, with a volume of 135,052 shares changing hands.

BMO Canadian Dividend ETF Trading Up 0.5%

The firm’s 50-day moving average is C$33.09 and its 200 day moving average is C$31.71.

BMO Canadian Dividend ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 3rd. Stockholders of record on Tuesday, November 3rd were issued a $0.0750 dividend. The ex-dividend date was Thursday, October 29th. This represents a $0.90 annualized dividend and a dividend yield of 2.7%.

BMO Canadian Dividend ETF Company Profile

The ETF seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. To achieve investment objective the investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are held in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF to obtain exposure to the performance of the Index.