BMO Covered Call Utilities ETF (TSE:ZWU) Reaches New 12-Month High – Here’s What Happened

BMO Covered Call Utilities ETF (TSE:ZWU)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$11.97 and last traded at C$11.95, with a volume of 46309 shares traded. The stock had previously closed at C$11.93.

BMO Covered Call Utilities ETF Stock Up 0.3%

The company has a fifty day simple moving average of C$11.24 and a 200-day simple moving average of C$11.32.

BMO Covered Call Utilities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were given a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date was Wednesday, November 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.