BMO Covered Call Utilities ETF (TSE:ZWU) Shares Cross Above Fifty Day Moving Average – What’s Next?

BMO Covered Call Utilities ETF (TSE:ZWU)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$11.86 and traded as high as C$12.19. BMO Covered Call Utilities ETF shares last traded at C$12.15, with a volume of 247,232 shares changing hands.

BMO Covered Call Utilities ETF Stock Up 0.2%

The firm’s 50-day simple moving average is C$11.90 and its 200-day simple moving average is C$11.49.

BMO Covered Call Utilities ETF Announces Dividend

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

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.