BMO Covered Call Utilities ETF (TSE:ZWU – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$11.93 and traded as low as C$11.83. BMO Covered Call Utilities ETF shares last traded at C$11.94, with a volume of 291,582 shares changing hands.
BMO Covered Call Utilities ETF Stock Performance
The business has a 50-day moving average price of C$11.93 and a 200 day moving average price of C$11.65.
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. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities.
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