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

Key Points

• The BMO Covered Call Canadian Banks ETF (ZWB.TO) reached a new **52-week high** trading at C$22.90, following a previous close of C$22.81.
• The ETF announced a **monthly dividend** of $0.11 per share, representing an annualized yield of **5.8%** for shareholders of record on August 5th.
• This ETF aims to provide exposure to Canadian banks, generating income while mitigating downside risk through the use of **covered call options**.

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$22.90 and last traded at C$22.90, with a volume of 21562 shares trading hands. The stock had previously closed at C$22.81.

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

The firm's 50-day moving average is C$21.67 and its 200 day moving average is C$20.24.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, August 5th were given a $0.11 dividend. This represents a c) annualized dividend and a yield of 5.8%. 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.