BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Sets New 52-Week High – Here’s What Happened

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$20.47 and last traded at C$20.47, with a volume of 6437 shares. The stock had previously closed at C$20.34.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Performance

The stock has a 50-day moving average of C$19.61 and a 200-day moving average of C$19.50.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, June 3rd were given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend was Thursday, May 29th.

About BMO Covered Call Canadian Banks ETF (ZWB.TO)

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks 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 the securities of Canadian banks, ETFs, or a combination of these.