BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Sets New 12-Month High - Time to Buy?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report)'s stock price reached a new 52-week high during mid-day trading 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) Price Performance

The firm's fifty day moving average price is C$20.07 and its two-hundred day moving average price is C$19.55.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.29%.

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.