BMO US High Dividend Covered Call ETF (TSE:ZWH) Trading 0.2% Higher – Still a Buy?

BMO US High Dividend Covered Call ETF (TSE:ZWH) shares were up 0.2% on Monday . The company traded as high as C$26.74 and last traded at C$26.62. 22,727 shares changed hands during trading, an increase of 11% from the average daily 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’s 50-day simple moving average is C$26.81 and its 200-day simple moving average is C$25.82.

BMO US High Dividend Covered Call ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a $0.14 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, June 29th.

About BMO US High Dividend Covered Call ETF

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.