BMO US High Dividend Covered Call ETF (TSE:ZWH) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Shares of BMO US High Dividend Covered Call ETF (TSE:ZWH) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$26.22 and traded as high as C$26.53. BMO US High Dividend Covered Call ETF shares last traded at C$26.48, with a volume of 28,964 shares traded.

BMO US High Dividend Covered Call ETF Stock Up 1.8%

The firm has a fifty day moving average price of C$26.73 and a 200 day moving average price of C$26.24.

BMO US High Dividend Covered Call ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 3rd. Shareholders of record on Tuesday, November 3rd were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $1.68 annualized dividend and a yield of 6.2%.

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.