BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Hits New 12-Month High - Should You Buy?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$20.32 and last traded at C$20.29, with a volume of 98783 shares changing hands. The stock had previously closed at C$20.20.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Down 0.0%

The firm has a fifty day moving average of C$19.46 and a 200-day moving average of C$19.51.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.32 dividend on an annualized basis and a yield of 6.51%.

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.