BMO CA High Dividend Covered Call ETF (TSE:ZWC) Reaches New 1-Year High – Still a Buy?

BMO CA High Dividend Covered Call ETF (TSE:ZWCGet Free Report) hit a new 52-week high on Friday . The stock traded as high as C$23.14 and last traded at C$23.11, with a volume of 17759 shares changing hands. The stock had previously closed at C$23.05.

BMO CA High Dividend Covered Call ETF Trading Up 0.2%

The firm’s 50-day simple moving average is C$22.63 and its 200 day simple moving average is C$22.04.

About BMO CA High Dividend Covered Call ETF

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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.

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