BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Hits New 12-Month High – Should You Buy?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$28.04 and last traded at C$28.04, with a volume of 94753 shares traded. The stock had previously closed at C$27.87.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Trading Up 0.9%

The company has a 50-day moving average price of C$26.35 and a 200-day moving average price of C$25.44.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, March 30th.

About BMO Covered Call Canadian Banks ETF (ZWB.TO)

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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. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.

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