BMO Covered Call Utilities ETF (TSE:ZWU) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

BMO Covered Call Utilities ETF (TSE:ZWU) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.62 and traded as high as C$10.83. BMO Covered Call Utilities ETF shares last traded at C$10.83, with a volume of 233,572 shares changing hands.

BMO Covered Call Utilities ETF Stock Up 0.7 %

The company has a 50-day simple moving average of C$10.62 and a 200 day simple moving average of C$10.87.

BMO Covered Call Utilities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend was Thursday, January 30th.

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.