BMO US High Dividend Covered Call ETF (TSE:ZWH) Hits New 12-Month High – Here’s What Happened

BMO US High Dividend Covered Call ETF (TSE:ZWH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$26.28 and last traded at C$26.19, with a volume of 14741 shares changing hands. The stock had previously closed at C$26.16.

BMO US High Dividend Covered Call ETF Price Performance

The company’s 50-day moving average price is C$25.28 and its 200-day moving average price is C$25.19.

BMO US High Dividend Covered Call ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd were given a dividend of $0.13 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.