BMO Covered Call Utilities ETF (TSE:ZWU) Hits New 12-Month High – What’s Next?

Shares of BMO Covered Call Utilities ETF (TSE:ZWU) hit a new 52-week high on Friday . The stock traded as high as C$12.24 and last traded at C$12.22, with a volume of 142110 shares trading hands. The stock had previously closed at C$12.11.

BMO Covered Call Utilities ETF Stock Up 1.0%

The stock has a fifty day moving average of C$11.58 and a 200 day moving average of C$11.41.

BMO Covered Call Utilities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd were given a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Thursday, February 26th.

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.