BMO Covered Call Utilities ETF (TSE:ZWU) Sets New 52-Week High – What’s Next?

Shares of BMO Covered Call Utilities ETF (TSE:ZWUGet Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$11.55 and last traded at C$11.55, with a volume of 86189 shares trading hands. The stock had previously closed at C$11.48.

BMO Covered Call Utilities ETF Stock Performance

The company’s fifty day moving average is C$11.32 and its 200-day moving average is C$11.10.

BMO Covered Call Utilities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, September 3rd were issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Thursday, August 28th.

About BMO Covered Call Utilities ETF

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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.

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