BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Sets New 12-Month High - What's Next?

Key Points

• The BMO Covered Call Canadian Banks ETF (ZWB.TO) achieved a new 52-week high at C$22.14, marking an increase from a previous close of C$21.98.
• The ETF recently declared a monthly dividend of $0.11 per share, which corresponds to an annualized yield of 6.0%.
• This ETF primarily invests in Canadian banks, aiming to generate income and long-term capital appreciation while using covered call options to minimize downside risk.

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - )'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$22.14 and last traded at C$22.14, with a volume of 78956 shares trading hands. The stock had previously closed at C$21.98.

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

The firm's 50 day moving average is C$21.20 and its 200-day moving average is C$19.94.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend 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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