BMO CA High Dividend Covered Call ETF (TSE:ZWC) Stock Price Up 0.6% – Here’s Why

BMO CA High Dividend Covered Call ETF (TSE:ZWC) shares shot up 0.6% on Wednesday . The company traded as high as C$23.00 and last traded at C$22.96. 56,082 shares were traded during trading, a decline of 51% from the average daily volume of 113,593 shares. The stock had previously closed at C$22.82.

BMO CA High Dividend Covered Call ETF Price Performance

The firm’s 50-day simple moving average is C$22.62 and its 200-day simple moving average is C$22.02.

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.