BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Trading 0.1% Higher - Here's Why

Key Points

• The BMO Covered Call Canadian Banks ETF (ZWB.TO) saw a modest increase of 0.1%, trading at C$22.70, after reaching a peak of C$22.77.
• A monthly dividend of $0.11 was declared and paid, yielding an annualized return of 5.8%.
• The ETF focuses on providing exposure to Canadian banks to generate income and long-term capital appreciation while employing covered call options to manage downside risk.

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - )'s share price was up 0.1% during trading on Thursday . The company traded as high as C$22.77 and last traded at C$22.70. Approximately 94,613 shares were traded during trading, a decline of 35% from the average daily volume of 144,520 shares. The stock had previously closed at C$22.67.

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

The company has a fifty day simple moving average of C$21.59 and a two-hundred day simple moving average of C$20.17.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, August 5th were paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 5.8%. 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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