The stock of BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) hit a new 52-week high and has $36.34 target or 8.00% above today’s $33.65 share price. The 5 months bullish chart indicates low risk for the $1.09 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $36.34 price target is reached, the company will be worth $87.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 375 shares traded hands. BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) has risen 5.17% since April 19, 2016 and is uptrending. It has underperformed by 0.16% the S&P500.
More notable recent BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) news were published by: Theglobeandmail.com which released: “US ETFs: Top picks for Canadian investors” on December 08, 2012, also Business.Financialpost.com with their article: “6 issues that will affect your fund investments in 2015” published on December 19, 2014, Theglobeandmail.com published: “BMO cuts annual management fees by more than 50% on some ETFs” on June 15, 2016. More interesting news about BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) were released by: Fool.ca and their article: “How to Build an ETF Portfolio” published on May 12, 2014 as well as Marketwired.com‘s news article titled: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” with publication date: March 18, 2016.
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