BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Shares Up 0.5% - Here's What Happened

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report)'s share price traded up 0.5% on Wednesday . The stock traded as high as C$18.95 and last traded at C$18.71. 173,679 shares traded hands during trading, a decline of 9% from the average session volume of 189,920 shares. The stock had previously closed at C$18.61.

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

The company has a fifty day moving average price of C$18.73 and a two-hundred day moving average price of C$19.47.

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

The company also recently declared a monthly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Tuesday, April 29th.

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.