BMO US High Dividend Covered Call ETF (TSE:ZWH) Stock Price Up 0.7% – Time to Buy?

Shares of BMO US High Dividend Covered Call ETF (TSE:ZWH) traded up 0.7% during mid-day trading on Monday . The company traded as high as C$24.95 and last traded at C$24.88. 47,246 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 41,537 shares. The stock had previously closed at C$24.70.

BMO US High Dividend Covered Call ETF Price Performance

The firm has a 50 day simple moving average of C$24.88 and a 200-day simple moving average of C$24.42.

BMO US High Dividend Covered Call ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Tuesday, November 4th were given a $0.13 dividend. The ex-dividend date was Thursday, October 30th. This represents a c) annualized dividend and a yield of 6.3%.

BMO US High Dividend Covered Call ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying U.S. companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will primarily invest in and hold the equity securities of dividend paying U.S. companies. Securities will be selected using a rules based methodology that considers dividend growth, yield and payout ratio. In addition, depending on market volatility and other factors, the ETF will write covered call options on these securities.