BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE) Reaches New 52-Week High – Here’s What Happened

BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$21.85 and last traded at C$21.76, with a volume of 31947 shares traded. The stock had previously closed at C$21.68.

BMO Europe High Dividend Covered Call Hedged to CAD ETF Price Performance

The stock’s 50 day moving average price is C$21.40 and its 200 day moving average price is C$20.89.

About BMO Europe High Dividend Covered Call Hedged to CAD ETF

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying European 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 invest in or use derivative instruments to seek to hedge foreign currency exposure. Currently, the ETF primarily invests in BMO Europe High Dividend Covered Call ETF and uses derivative instruments to hedge back to the Canadian dollar. Securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio.