What’s Next for BMO US DIVIDEND ETF CAD After Reaching 52-Week High?

 What's Next for BMO US DIVIDEND ETF CAD After Reaching 52 Week High?

The stock of BMO US DIVIDEND ETF CAD (TSE:ZDY) hit a new 52-week high and has $30.45 target or 6.00% above today’s $28.73 share price. The 6 months bullish chart indicates low risk for the $1.20 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $30.45 price target is reached, the company will be worth $72.00M 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 15,619 shares traded hands. BMO US DIVIDEND ETF CAD (TSE:ZDY) has risen 18.35% since April 21, 2016 and is uptrending. It has outperformed by 13.02% the S&P500.

More recent BMO US DIVIDEND ETF CAD (TSE:ZDY) news were published by: Business.Financialpost.com which released: “How to find the top US dividend funds” on August 22, 2014. Also Theglobeandmail.com published the news titled: “The case against covered call ETFs” on May 23, 2014. Marketwired.com‘s news article titled: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” with publication date: November 18, 2015 was also an interesting one.

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