BMO Covered Call Utilities ETF (TSE:ZWU) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

BMO Covered Call Utilities ETF (TSE:ZWU) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

BMO Covered Call Utilities ETF Price Performance

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

BMO Covered Call Utilities ETF Announces Dividend

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

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.