BMO CA High Dividend Covered Call ETF (TSE:ZWC) Hits New 52-Week High – Here’s Why

BMO CA High Dividend Covered Call ETF (TSE:ZWC)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$22.23 and last traded at C$22.13, with a volume of 95477 shares changing hands. The stock had previously closed at C$22.02.

BMO CA High Dividend Covered Call ETF Price Performance

The stock’s 50-day simple moving average is C$21.69 and its 200 day simple moving average is C$21.09.

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.