BMO US High Dividend Covered Call ETF (TSE:ZWH) Shares Down 0.6% – Here’s Why

BMO US High Dividend Covered Call ETF (TSE:ZWH) shares dropped 0.6% during mid-day trading on Monday . The company traded as low as C$26.37 and last traded at C$26.44. 22,134 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 20,341 shares. The stock had previously closed at C$26.61.

BMO US High Dividend Covered Call ETF Trading Down 0.6%

The firm has a 50-day moving average price of C$26.85 and a 200 day moving average price of C$26.14.

BMO US High Dividend Covered Call ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a dividend of $0.14 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Monday, June 29th.

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.