BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Sets New 1-Year High - Time to Buy?

Key Points

• The BMO Covered Call Canadian Banks ETF (ZWB.TO) reached a new 52-week high of C$22.98 during mid-day trading, indicating strong market performance.
• Recently, the ETF announced a monthly dividend of $0.11, equivalent to an annualized yield of 5.7%.
• This ETF aims to provide exposure to Canadian banks while generating income and capital appreciation by utilizing covered call options.

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - ) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$22.98 and last traded at C$22.98, with a volume of 66368 shares changing hands. The stock had previously closed at C$22.82.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Trading Up 0.6%

The business's fifty day simple moving average is C$21.88 and its 200-day simple moving average is C$20.41.

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

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

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.

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