BMO US High Dividend Covered Call ETF (TSE:ZWH) Sets New 12-Month High – Time to Buy?

BMO US High Dividend Covered Call ETF (TSE:ZWH) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$25.89 and last traded at C$25.87, with a volume of 1755 shares trading hands. The stock had previously closed at C$25.71.

BMO US High Dividend Covered Call ETF Trading Up 0.8%

The stock has a 50 day moving average price of C$25.20 and a two-hundred day moving average price of C$25.14.

BMO US High Dividend Covered Call ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

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.