BMO CA High Dividend Covered Call ETF (TSE:ZWC) Trading 0.4% Higher – Still a Buy?

BMO CA High Dividend Covered Call ETF (TSE:ZWC)’s share price rose 0.4% during trading on Tuesday . The company traded as high as C$22.55 and last traded at C$22.52. 124,050 shares were traded during trading, an increase of 5% from the average session volume of 118,672 shares. The stock had previously closed at C$22.44.

BMO CA High Dividend Covered Call ETF Price Performance

The firm has a 50 day simple moving average of C$22.26 and a 200-day simple moving average of C$21.64.

BMO CA High Dividend Covered Call ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying Canadian companies 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 dividend paying equity securities of Canadian companies. The selected companies will have the potential for long-term capital appreciation. Securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio.