BMO US High Dividend Covered Call ETF (TSE:ZWH) Shares Up 0.5% – Time to Buy?

BMO US High Dividend Covered Call ETF (TSE:ZWH)’s share price shot up 0.5% on Monday . The stock traded as high as C$27.03 and last traded at C$27.03. Approximately 20,382 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 19,965 shares. The stock had previously closed at C$26.90.

BMO US High Dividend Covered Call ETF Stock Performance

The stock has a fifty day simple moving average of C$26.91 and a 200-day simple moving average of C$25.99.

BMO US High Dividend Covered Call ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were given a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend 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.