BMO Laddered Preferred Share Index ETF (TSE:ZPR) Stock Price Down 0.1% – Here’s Why

BMO Laddered Preferred Share Index ETF (TSE:ZPR)’s share price fell 0.1% during trading on Thursday . The stock traded as low as C$12.78 and last traded at C$12.81. Approximately 138,237 shares were traded during trading, an increase of 33% from the average daily volume of 104,004 shares. The stock had previously closed at C$12.82.

BMO Laddered Preferred Share Index ETF Stock Performance

The company has a fifty day simple moving average of C$12.76 and a two-hundred day simple moving average of C$12.50.

BMO Laddered Preferred Share Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a Canadian preferred shares index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Laddered Canadian Preferred Share Index (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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.