BMO US High Dividend Covered Call ETF (TSE:ZWH) Hits New 52-Week High – Still a Buy?

Shares of BMO US High Dividend Covered Call ETF (TSE:ZWH) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$26.28 and last traded at C$26.19, with a volume of 14741 shares. The stock had previously closed at C$26.16.

BMO US High Dividend Covered Call ETF Trading Up 1.1%

The firm’s fifty day simple moving average is C$25.34 and its 200 day simple moving average is C$25.21.

BMO US High Dividend Covered Call ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd were issued a dividend of $0.13 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, February 26th.

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.