BMO US High Dividend Covered Call ETF (TSE:ZWH) Trading Down 0.6% – Here’s What Happened

Shares of BMO US High Dividend Covered Call ETF (TSE:ZWH) were down 0.6% during trading on Monday . The stock traded as low as C$26.37 and last traded at C$26.44. 22,134 shares were traded during trading, an increase of 9% from the average daily volume of 20,341 shares. The stock had previously closed at C$26.61.

BMO US High Dividend Covered Call ETF Price Performance

The business’s 50-day moving average is C$26.85 and its 200 day moving average is C$26.14.

BMO US High Dividend Covered Call ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a dividend of $0.14 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, June 29th.

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.