BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Reaches 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$22.10, indicating strong stock performance with a trading volume of 156,801 shares.
• The ETF recently declared a monthly dividend of $0.11, providing a 6.0% annual yield to shareholders, with the ex-dividend date on July 30th.
• This ETF aims to deliver exposure to Canadian banks while generating income and long-term capital appreciation through the use of covered call options.

Shares of BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - ) reached a new 52-week high on Thursday . The company traded as high as C$22.10 and last traded at C$22.10, with a volume of 156801 shares. The stock had previously closed at C$21.95.

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

The firm's 50-day moving average price is C$21.07 and its two-hundred day moving average price is C$19.88.

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. Shareholders of record on Tuesday, August 5th were paid a $0.11 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date was Wednesday, July 30th.

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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