BMO Canadian Dividend ETF (TSE:ZDV) Shares Up 1% – Time to Buy?

BMO Canadian Dividend ETF (TSE:ZDV) shares traded up 1% during mid-day trading on Friday. The company traded as high as C$32.64 and last traded at C$32.61. 27,742 shares changed hands during trading, a decline of 46% from the average session volume of 51,021 shares. The stock had previously closed at C$32.28.

BMO Canadian Dividend ETF Price Performance

The firm’s 50-day moving average price is C$33.17 and its 200 day moving average price is C$32.17.

BMO Canadian Dividend ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a $0.0750 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.90 dividend on an annualized basis and a yield of 2.8%.

BMO Canadian Dividend ETF Company Profile

The ETF seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. To achieve investment objective 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 held in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF to obtain exposure to the performance of the Index.