BMO US High Dividend Covered Call ETF (TSE:ZWH) Shares Up 0.2% – Time to Buy?

BMO US High Dividend Covered Call ETF (TSE:ZWH)’s share price rose 0.2% on Monday . The stock traded as high as C$26.74 and last traded at C$26.62. Approximately 22,727 shares traded hands during trading, an increase of 11% from the average session volume of 20,386 shares. The stock had previously closed at C$26.57.

BMO US High Dividend Covered Call ETF Price Performance

The stock has a fifty day moving average price of C$26.80 and a two-hundred day moving average price of C$25.81.

BMO US High Dividend Covered Call ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, June 29th. 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.