BMO US High Dividend Covered Call ETF (TSE:ZWH) Trading Down 0.1% – Time to Sell?

BMO US High Dividend Covered Call ETF (TSE:ZWH)’s stock price dropped 0.1% during trading on Friday . The company traded as low as C$25.55 and last traded at C$25.57. Approximately 12,819 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 20,436 shares. The stock had previously closed at C$25.60.

BMO US High Dividend Covered Call ETF Stock Down 0.1%

The stock’s fifty day simple moving average is C$25.19 and its 200-day simple moving average is C$25.11.

BMO US High Dividend Covered Call ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.