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BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Sets New 1-Year High - Here's What Happened

BMO Covered Call Canadian Banks ETF (ZWB.TO) logo with background

Key Points

  • The BMO Covered Call Canadian Banks ETF (ZWB.TO) reached a new 52-week high of C$22.55 on Tuesday, with the last trading price at C$22.51.
  • The ETF announced a monthly dividend of $0.11 per share, reflecting an annualized yield of 5.9%, with a record date of August 5th.
  • This ETF aims to provide exposure to Canadian banks, generating income and long-term capital appreciation while using covered call options to mitigate downside risk.
  • MarketBeat previews top five stocks to own in October.

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$22.55 and last traded at C$22.51, with a volume of 13252 shares changing hands. The stock had previously closed at C$22.50.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Up 0.1%

The stock's fifty day moving average price is C$21.49 and its 200-day moving average price is C$20.11.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, August 5th were issued a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Wednesday, July 30th.

About BMO Covered Call Canadian Banks ETF (ZWB.TO)

(Get Free Report)

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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