BMO Covered Call Utilities ETF (TSE:ZWU) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

BMO Covered Call Utilities ETF (TSE:ZWU)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.88 and traded as high as C$11.16. BMO Covered Call Utilities ETF shares last traded at C$10.71, with a volume of 625,220 shares changing hands.

BMO Covered Call Utilities ETF Price Performance

The stock has a 50-day moving average of C$10.88 and a 200 day moving average of C$10.91.

BMO Covered Call Utilities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date was Thursday, January 30th. This represents a $0.84 dividend on an annualized basis and a yield of 7.84%.

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.