BMO Covered Call Utilities ETF (TSE:ZWU) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of BMO Covered Call Utilities ETF (TSE:ZWU) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.92 and traded as low as C$11.53. BMO Covered Call Utilities ETF shares last traded at C$11.66, with a volume of 882,705 shares changing hands.

BMO Covered Call Utilities ETF Stock Performance

The stock’s 50 day moving average is C$11.92 and its two-hundred day moving average is C$11.88.

BMO Covered Call Utilities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, August 5th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, July 30th.

BMO Covered Call Utilities ETF Company Profile

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.