BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Hits New 12-Month High - Still a Buy?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$20.97 and last traded at C$20.97, with a volume of 15371 shares traded. The stock had previously closed at C$20.89.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Up 0.3%

The company's fifty day simple moving average is C$20.11 and its two-hundred day simple moving average is C$19.56.

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

The company also recently announced a monthly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, July 3rd were issued a $0.11 dividend. The ex-dividend date was Friday, June 27th. This represents a $1.32 annualized dividend and a yield of 6.30%.

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.