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

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB)’s share price reached a new 52-week high on Monday . The stock traded as high as C$20.97 and last traded at C$20.97, with a volume of 15371 shares trading hands. The stock had previously closed at C$20.89.

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

The company’s 50 day simple moving average is C$20.07 and its two-hundred day simple moving average is C$19.55.

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

The business also recently declared a monthly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, July 3rd were issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend was Friday, June 27th.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

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.