BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Hits New 52-Week High – Should You Buy?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$20.32 and last traded at C$20.29, with a volume of 98783 shares. The stock had previously closed at C$20.20.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Trading Up 0.1%

The stock’s fifty day moving average price is C$19.33 and its 200-day moving average price is C$19.49.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.52%. The ex-dividend date was Thursday, May 29th.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these.