BMO Covered Call Utilities ETF (TSE:ZWU) Hits New 52-Week High – Here’s What Happened

Shares of BMO Covered Call Utilities ETF (TSE:ZWU) reached a new 52-week high during trading on Tuesday . The company traded as high as C$11.65 and last traded at C$11.61, with a volume of 286853 shares. The stock had previously closed at C$11.59.

BMO Covered Call Utilities ETF Trading Up 0.2%

The firm’s fifty day moving average is C$11.39 and its 200 day moving average is C$11.13.

BMO Covered Call Utilities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, September 3rd were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, August 28th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

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.