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

Key Points

• The BMO Covered Call Canadian Banks ETF (ZWB.TO) reached a new 52-week high of C$23.16 with a trading volume of 27,300 shares.
• The ETF announced a monthly dividend of $0.11, resulting in an annual yield of 5.7%.
• Its investment strategy focuses on generating income and long-term capital appreciation by primarily holding Canadian banks and utilizing covered call options.

Shares of BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - ) hit a new 52-week high during trading on Wednesday . The company traded as high as C$23.16 and last traded at C$23.16, with a volume of 27300 shares traded. The stock had previously closed at C$22.98.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Up 0.7%

The business's fifty day moving average is C$22.25 and its two-hundred day moving average is C$20.68.

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

The company also recently declared a monthly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, August 5th were paid a $0.11 dividend. The ex-dividend date was Wednesday, July 30th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

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.

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