BMO Covered Call Utilities ETF (TSE:ZWU) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

BMO Covered Call Utilities ETF (TSE:ZWU)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$11.91 and traded as high as C$11.97. BMO Covered Call Utilities ETF shares last traded at C$11.92, with a volume of 252,420 shares traded.

BMO Covered Call Utilities ETF Stock Performance

The company’s 50 day moving average is C$11.91 and its two-hundred day moving average is C$11.68.

BMO Covered Call Utilities ETF Company Profile

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.