BMO Low Volatility Canadian Equity ETF (TSE:ZLB) Trading Down 0.4% – Time to Sell?

BMO Low Volatility Canadian Equity ETF (TSE:ZLB) shares dropped 0.4% on Thursday . The company traded as low as $57.34 and last traded at $57.39. Approximately 78,922 shares changed hands during trading, a decline of 5% from the average daily volume of 83,080 shares. The stock had previously closed at $57.61.

BMO Low Volatility Canadian Equity ETF Stock Down 0.4%

The stock’s 50 day simple moving average is $57.99 and its two-hundred day simple moving average is $56.09.

BMO Low Volatility Canadian Equity ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation. The ETF will primarily invest in and hold equities of Canadian companies. Securities will be selected from the largest and most liquid securities in Canada. The securities that have lower sensitivity to market movements (beta) will be selected for the portfolio and it will be weighted so that a higher allocation is given to securities with lower beta.