BMO CA High Dividend Covered Call ETF (TSE:ZWC) Reaches New 12-Month High – Should You Buy?
by Michael Walen · The Markets DailyBMO CA High Dividend Covered Call ETF (TSE:ZWC – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$21.66 and last traded at C$21.58, with a volume of 25767 shares changing hands. The stock had previously closed at C$21.53.
BMO CA High Dividend Covered Call ETF Stock Up 1.0%
The firm’s 50-day simple moving average is C$20.94 and its 200 day simple moving average is C$20.08.
BMO CA High Dividend Covered Call ETF Company Profile
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.