BMO US High Dividend Covered Call ETF (TSE:ZWH) Sets New 1-Year High – Here’s Why

BMO US High Dividend Covered Call ETF (TSE:ZWH)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$27.25 and last traded at C$27.25, with a volume of 11608 shares changing hands. The stock had previously closed at C$26.87.

BMO US High Dividend Covered Call ETF Stock Performance

The company’s 50 day simple moving average is C$25.43 and its 200 day simple moving average is C$25.24.

BMO US High Dividend Covered Call ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 5.7%.

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.