BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Sets New 1-Year High – What’s Next?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$24.14 and last traded at C$24.07, with a volume of 23189 shares trading hands. The stock had previously closed at C$23.91.

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

The stock has a 50-day simple moving average of C$23.28 and a 200 day simple moving average of C$21.85.

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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Wednesday, November 26th.

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.