BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Reaches New 52-Week High – Here’s What Happened

Shares of BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) reached a new 52-week high on Tuesday . The stock traded as high as C$23.13 and last traded at C$23.08, with a volume of 133067 shares traded. The stock had previously closed at C$23.05.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Price Performance

The company has a 50-day simple moving average of C$22.02 and a two-hundred day simple moving average of C$20.53.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 30th. This represents a c) annualized dividend and a dividend yield of 5.7%.

About BMO Covered Call Canadian Banks ETF (ZWB.TO)

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these.