BMO US High Dividend Covered Call ETF (TSE:ZWH) Trading 0.1% Higher – Here’s Why

BMO US High Dividend Covered Call ETF (TSE:ZWH) shot up 0.1% during mid-day trading on Thursday . The stock traded as high as C$24.69 and last traded at C$24.65. 6,845 shares were traded during trading, a decline of 67% from the average session volume of 20,911 shares. The stock had previously closed at C$24.62.

BMO US High Dividend Covered Call ETF Price Performance

The business’s 50 day simple moving average is C$25.31 and its 200 day simple moving average is C$24.97.

BMO US High Dividend Covered Call ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 6.4%.

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.