BMO CA High Dividend Covered Call ETF (TSE:ZWC) Shares Up 1.1% – Here’s Why

BMO CA High Dividend Covered Call ETF (TSE:ZWC) shot up 1.1% during trading on Monday . The company traded as high as C$21.18 and last traded at C$21.10. 168,198 shares were traded during mid-day trading, an increase of 35% from the average session volume of 124,974 shares. The stock had previously closed at C$20.88.

BMO CA High Dividend Covered Call ETF Stock Up 1.1%

The firm has a 50 day simple moving average of C$21.40 and a two-hundred day simple moving average of C$20.52.

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.