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

BMO Covered Call Utilities ETF (TSE:ZWU)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.43 and traded as low as C$11.41. BMO Covered Call Utilities ETF shares last traded at C$11.42, with a volume of 199,753 shares changing hands.

BMO Covered Call Utilities ETF Stock Down 0.4%

The firm has a fifty day moving average of C$11.43 and a 200-day moving average of C$11.22.

BMO Covered Call Utilities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Tuesday, November 4th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 7.4%.

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.