BMO Covered Call Utilities ETF (TSE:ZWU) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

BMO Covered Call Utilities ETF (TSE:ZWU) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.87 and traded as low as C$10.66. BMO Covered Call Utilities ETF shares last traded at C$10.71, with a volume of 254,808 shares changing hands.

BMO Covered Call Utilities ETF Price Performance

The business has a 50-day simple moving average of C$10.65 and a 200-day simple moving average of C$10.87.

BMO Covered Call Utilities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend was Thursday, January 30th.

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.