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Hamilton Utilities Yield Maximizer ETF (UMAX-T)
TSE:UMAX
14.38
0.13
(0.91%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
The reviews suggest that UMAX-T is a focused ETF on blue-chip Canadian utilities, aiming to reduce volatility through an options strategy. The experts also point out that the yields may include return of capital and that covered writing can be a drag in certain market conditions. On the other hand, HMAX is similar but with exposure to the financial sector, particularly the big 6 banks. There is a consensus that the performance of these stocks may be influenced by economic conditions, and that both carry their own set of risks.
$15.080
Unknown
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Hamilton Utilities Yield Maximizer ETF(UMAX-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Hamilton Utilities Yield Maximizer ETF(UMAX-T) Frequently Asked Questions
What is Hamilton Utilities Yield Maximizer ETF stock symbol?
Hamilton Utilities Yield Maximizer ETF is a Canadian stock, trading under the symbol UMAX-T on the Toronto Stock Exchange (UMAX-CT). It is usually referred to as TSX:UMAX or UMAX-T
Is Hamilton Utilities Yield Maximizer ETF a buy or a sell?
In the last year, there was no coverage of Hamilton Utilities Yield Maximizer ETF published on Stockchase.
Is Hamilton Utilities Yield Maximizer ETF a good investment or a top pick?
Hamilton Utilities Yield Maximizer ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Hamilton Utilities Yield Maximizer ETF.
Why is Hamilton Utilities Yield Maximizer ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Hamilton Utilities Yield Maximizer ETF worth watching?
In the last year, there was no coverage of Hamilton Utilities Yield Maximizer ETF published on Stockchase.
What is Hamilton Utilities Yield Maximizer ETF stock price?
On 2024-05-03, Hamilton Utilities Yield Maximizer ETF (UMAX-T) stock closed at a price of $14.38.
Key difference is UMAX is focused on blue-chip, Canadian utilities. Reduces volatility by writing an options strategy. If you think we're going to be entering a more tumultuous period, utilities tend to do better.
HMAX is a similar setup, but with underlying financials. 75% exposure to the big 6 banks, which have struggled. Argument that banks' exposure to real estate makes them more economically sensitive. In a good economic environment, banks will do better.
Neither uses leverage. When the yields get juicy, remember that some of that's return of capital. Also remember that covered writing can be a drag if the market is anything but flat, slightly up, or slightly down.