BMO Covered Call Utilities ETF (TSE:ZWU) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

BMO Covered Call Utilities ETF (TSE:ZWU) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.40 and traded as low as C$11.28. BMO Covered Call Utilities ETF shares last traded at C$11.41, with a volume of 348,585 shares changing hands.

BMO Covered Call Utilities ETF Price Performance

The company has a 50-day simple moving average of C$11.40 and a two-hundred day simple moving average of C$11.20.

BMO Covered Call Utilities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Tuesday, November 4th were issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, October 30th.

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.