BMO CA High Dividend Covered Call ETF (TSE:ZWC) Hits New 1-Year High – Should You Buy?

BMO CA High Dividend Covered Call ETF (TSE:ZWC)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$23.00 and last traded at C$23.00, with a volume of 10897 shares trading hands. The stock had previously closed at C$22.70.

BMO CA High Dividend Covered Call ETF Stock Up 1.2%

The business has a 50 day moving average of C$22.42 and a 200 day moving average of C$21.79.

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.