BMO CA High Dividend Covered Call ETF (TSE:ZWC) Shares Up 0.6% – Still a Buy?

BMO CA High Dividend Covered Call ETF (TSE:ZWC)’s share price shot up 0.6% on Tuesday . The company traded as high as C$21.96 and last traded at C$21.92. 115,888 shares traded hands during trading, a decline of 6% from the average session volume of 123,376 shares. The stock had previously closed at C$21.78.

BMO CA High Dividend Covered Call ETF Price Performance

The business has a fifty day simple moving average of C$21.67 and a two-hundred day simple moving average of C$20.93.

About BMO CA High Dividend Covered Call ETF

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.