BMO CA High Dividend Covered Call ETF (TSE:ZWC) Stock Jumps 0.9% – Should You Buy?

BMO CA High Dividend Covered Call ETF (TSE:ZWC – Get Free Report)’s share price rose 0.9% on Friday. The stock traded as high as C$22.79 and last traded at C$22.79. Approximately 123,964 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 105,473 shares. The stock had previously closed at C$22.59.

BMO CA High Dividend Covered Call ETF Stock Performance

The firm’s 50 day moving average is C$22.65 and its two-hundred day moving average is C$22.41.

BMO CA High Dividend Covered Call ETF Company Profile

(Get Free Report)

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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