BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Trading Up 0% - Time to Buy?

Key Points

• BMO Covered Call Canadian Banks ETF (ZWB.TO) saw a slight increase in share price, closing at C$21.51 after trading as high as C$21.56, with a trading volume of 163,981 shares.
• The ETF has announced a monthly dividend of $0.11 per share, representing an annual yield of 6.1%, paid to shareholders of record on August 5th.
• This ETF aims to provide exposure to Canadian banks while generating income and long-term capital appreciation through the use of covered call options.

Shares of BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report) rose 0% during mid-day trading on Wednesday . The stock traded as high as C$21.56 and last traded at C$21.51. Approximately 163,981 shares changed hands during trading, an increase of 10% from the average daily volume of 149,499 shares. The stock had previously closed at C$21.50.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Performance

The company's 50 day moving average price is C$21.04 and its 200-day moving average price is C$19.87.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 30th. This represents a c) annualized dividend and a dividend yield of 6.0%.

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.