BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Hits New 52-Week High – Time to Buy?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) reached a new 52-week high during trading on Monday . The company traded as high as C$23.55 and last traded at C$23.53, with a volume of 111742 shares. The stock had previously closed at C$23.36.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Up 0.7%

The company’s 50 day moving average is C$22.86 and its 200 day moving average is C$21.34.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Tuesday, November 4th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.