BMO US High Dividend Covered Call ETF (TSE:ZWH) Stock Price Up 0.5% – Time to Buy?

BMO US High Dividend Covered Call ETF (TSE:ZWH)’s share price was up 0.5% during mid-day trading on Monday . The company traded as high as C$27.03 and last traded at C$27.03. Approximately 20,382 shares traded hands during trading, an increase of 2% from the average session volume of 19,965 shares. The stock had previously closed at C$26.90.

BMO US High Dividend Covered Call ETF Trading Up 0.5%

The stock’s fifty day moving average is C$26.91 and its two-hundred day moving average is C$25.99.

BMO US High Dividend Covered Call ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a dividend of $0.14 per share. The ex-dividend date was Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 6.2%.

About BMO US High Dividend Covered Call ETF

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying U.S. companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will primarily invest in and hold the equity securities of dividend paying U.S. companies. Securities will be selected using a rules based methodology that considers dividend growth, yield and payout ratio. In addition, depending on market volatility and other factors, the ETF will write covered call options on these securities.