BMO Laddered Preferred Share Index ETF (TSE:ZPR) Sets New 12-Month High – Still a Buy?

Shares of BMO Laddered Preferred Share Index ETF (TSE:ZPRGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$12.25 and last traded at C$12.20, with a volume of 4716 shares. The stock had previously closed at C$12.21.

BMO Laddered Preferred Share Index ETF Price Performance

The firm has a 50-day moving average of C$12.03 and a 200 day moving average of C$11.80.

BMO Laddered Preferred Share Index ETF Company Profile

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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.

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