BMO US High Dividend Covered Call ETF (TSE:ZWH) Trading 0.7% Higher – Should You Buy?

BMO US High Dividend Covered Call ETF (TSE:ZWH) shares rose 0.7% during trading on Monday . The company traded as high as C$24.95 and last traded at C$24.88. Approximately 47,246 shares changed hands during trading, an increase of 14% from the average daily volume of 41,537 shares. The stock had previously closed at C$24.70.

BMO US High Dividend Covered Call ETF Price Performance

The business’s 50-day moving average is C$24.88 and its 200 day moving average is C$24.42.

BMO US High Dividend Covered Call ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Tuesday, November 4th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 6.3%.

About BMO US High Dividend Covered Call ETF

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying U.S. companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will primarily invest in and hold the equity securities of dividend paying U.S. companies. Securities will be selected using a rules based methodology that considers dividend growth, yield and payout ratio. In addition, depending on market volatility and other factors, the ETF will write covered call options on these securities.