BMO MSCI EAFE Hedged to CAD Index ETF (TSE:ZDM) Reaches New 52-Week High – Should You Buy?

BMO MSCI EAFE Hedged to CAD Index ETF (TSE:ZDMGet Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$34.82 and last traded at C$34.82, with a volume of 1100 shares traded. The stock had previously closed at C$34.35.

BMO MSCI EAFE Hedged to CAD Index ETF Trading Up 1.0%

The firm has a fifty day moving average of C$34.18 and a 200-day moving average of C$33.03.

BMO MSCI EAFE Hedged to CAD Index ETF Company Profile

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The ETF seeks to replicate, to the extent possible, the performance of an international equities market index, net of expenses. Currently, the ETF seeks to replicate the performance of the MSCI EAFE 100% Hedged to CAD Index (the Index). The investment strategy of the ETF is to obtain exposure to the performance of the Index by investing in assets such as ETFs, mutual funds or other investment funds, American depositary receipts or derivative instruments. Currently, the ETF primarily invests in BMO MSCI EAFE Index ETF and uses derivative instruments to hedge its foreign currency exposure back to the Canadian dollar.

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