BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Sets New 52-Week High - Time to Buy?

Key Points

• The BMO Covered Call Canadian Banks ETF (ZWB.TO) reached a **new 52-week high** of C$21.45 during trading, showing **growing investor interest**.
• The ETF announced a **monthly dividend** of $0.11, reflecting a **6.2% annualized yield** for shareholders.
• This ETF aims to generate income and long-term capital appreciation by investing primarily in Canadian banks while using **covered call options** to manage downside risk.

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$21.45 and last traded at C$21.44, with a volume of 37250 shares trading hands. The stock had previously closed at C$21.30.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Price Performance

The company has a 50 day simple moving average of C$20.84 and a 200 day simple moving average of C$19.77.

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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, August 5th were given a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Wednesday, July 30th.

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.