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

BMO Covered Call Utilities ETF (TSE:ZWU)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.86 and traded as high as C$12.19. BMO Covered Call Utilities ETF shares last traded at C$12.15, with a volume of 247,232 shares changing hands.

BMO Covered Call Utilities ETF Trading Up 0.1%

The company’s 50-day moving average is C$11.86 and its two-hundred day moving average is C$11.48.

BMO Covered Call Utilities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd were paid a $0.07 dividend. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 6.9%.

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. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities.