BMO US High Dividend Covered Call ETF (TSE:ZWH) Shares Down 1% – Time to Sell?

Shares of BMO US High Dividend Covered Call ETF (TSE:ZWH) dropped 1% during trading on Tuesday . The company traded as low as C$24.91 and last traded at C$24.96. Approximately 24,997 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 20,126 shares. The stock had previously closed at C$25.21.

BMO US High Dividend Covered Call ETF Stock Performance

The stock’s fifty day moving average is C$24.98 and its two-hundred day moving average is C$24.60.

BMO US High Dividend Covered Call ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Tuesday, November 4th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) annualized dividend and a yield of 6.3%.

About BMO US High Dividend Covered Call ETF

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.