BMO Europe High Dividend Covered Call ETF (TSE:ZWP) Shares Up 1% – Here’s Why

Shares of BMO Europe High Dividend Covered Call ETF (TSE:ZWP) shot up 1% during trading on Friday . The company traded as high as C$20.90 and last traded at C$20.85. 22,731 shares changed hands during trading, an increase of 3% from the average session volume of 22,028 shares. The stock had previously closed at C$20.64.

BMO Europe High Dividend Covered Call ETF Trading Up 1.0%

The business’s fifty day moving average is C$20.36 and its 200 day moving average is C$20.35.

BMO Europe High Dividend Covered Call ETF Company Profile

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 primarily invest in and hold the equity securities of dividend paying European companies. Securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio. Securities will also be subject to a screening process to ensure sufficient liquidity.