BMO Covered Call Utilities ETF (TSE:ZWU) Stock Passes Below 50-Day Moving Average – What’s Next?

BMO Covered Call Utilities ETF (TSE:ZWUGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.00 and traded as low as C$10.55. BMO Covered Call Utilities ETF shares last traded at C$10.62, with a volume of 81,016 shares changing hands.

BMO Covered Call Utilities ETF Price Performance

The stock has a 50 day moving average price of C$10.97 and a 200-day moving average price of C$10.78.

BMO Covered Call Utilities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, December 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.84 dividend on an annualized basis and a yield of 7.91%.

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