BMO Low Volatility Canadian Equity ETF (TSE:ZLB) Sets New 12-Month High – Still a Buy?

Shares of BMO Low Volatility Canadian Equity ETF (TSE:ZLB) reached a new 52-week high on Tuesday . The company traded as high as $61.25 and last traded at $61.24, with a volume of 37153 shares trading hands. The stock had previously closed at $60.94.

BMO Low Volatility Canadian Equity ETF Stock Performance

The stock has a 50-day moving average of $59.49 and a two-hundred day moving average of $58.80.

BMO Low Volatility Canadian Equity ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation. The ETF will primarily invest in and hold equities of Canadian companies. Securities will be selected from the largest and most liquid securities in Canada. The securities that have lower sensitivity to market movements (beta) will be selected for the portfolio and it will be weighted so that a higher allocation is given to securities with lower beta.