BMO US High Dividend Covered Call ETF (TSE:ZWH) Trading 1.1% Higher – Should You Buy?

BMO US High Dividend Covered Call ETF (TSE:ZWH)’s share price traded up 1.1% on Monday . The stock traded as high as C$26.97 and last traded at C$26.92. 74,081 shares changed hands during trading, an increase of 264% from the average session volume of 20,354 shares. The stock had previously closed at C$26.62.

BMO US High Dividend Covered Call ETF Stock Down 0.4%

The business has a fifty day moving average of C$26.72 and a 200-day moving average of C$26.25.

BMO US High Dividend Covered Call ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a c) dividend on an annualized basis 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.