BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Hits New 1-Year High – Should You Buy?

BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$180.15 and last traded at C$180.01, with a volume of 5293 shares traded. The stock had previously closed at C$178.58.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Trading Up 1.2%

The company’s fifty day moving average price is C$168.40 and its 200 day moving average price is C$171.69.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a NASDAQ listed companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the NASDAQ 100 Index Hedged to CAD (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index and use derivative instruments to hedge back to the Canadian dollar. The Manager may also use a sampling methodology in selecting investments for the ETF.