BMO Premium Yield ETF (ZPAY.TO) Buy, Sell or…

Home

Daily Stock Opinions and Ratings

BMO Premium Yield ETF (ZPAY.TO)

33.31

-0.09 (0.27%)

as of Sep 4, 2026, 7:59:40 pm Market Open.

153 watching

Investor Insights

Sep 5, 2026, 12:00 am

This summary was created by AI, based on 16 opinions in the last 12 months.

BMO Premium Yield ETF (ZPAY) is designed for income-focused investors with a strategy involving half of the portfolio in long stocks with covered calls and the other half selling puts to generate income. It offers an attractive yield of approximately 7%, though it does present some downside risk during market corrections. While it provides exposure to 30-40 large U.S. companies, experts emphasize the importance of diversification to mitigate risks associated with concentrating in a single investment. ZPAY is positioned between equity and income investments, making it appealing for those seeking tax-efficient distributions without leveraging, as the strategy is cash-covered through T-bills. Overall, it represents an active strategy targeting regular income, but should be approached cautiously especially regarding market volatility.

Consensus

Positive

Valuation

Fair Value

Similar

ZWF

COMMENT

The caller was asking about tax exemption for this ETF. For the dividend withholding tax exemption, he cannot definitively say how it would be treated. The best way is to consult the BMO website and call to ask or to consult a financial advisor.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. In a market decline, this ETF would probably decline less than average, if not hold up relatively well. The fund covers a mix of large, conservative US stocks and fixed income securities. Unlock Premium - Try 5i Free

BUY

Half exposure on average with long positions with covered calls, and half with puts. Any given month that goes down, it could go longer. The range follows the markets.

BUY

A basket of high quality US companies with a covered call and put rate component. It generates a 6% yield. It will go down when the markets go down, but it will continue to give yield. The lower it goes, the put on stocks they have written will be bought at a lower price and they will sell these when the price goes high again.

DON'T BUY

It's new. ZPAY will engage in selling puts in a complicated strategy to procure assets. It's too new for him to see how their strategy will unveil.

STRONG BUY

On average he expects to have half the portfolio long and half looking to buy great stock at a lower price and writing puts to do so. It is the biggest holding in all of his portfolios.

BUY

They do a screening and pick some of the best companies in the US. They write puts on the stocks they want and take the yield back. On stocks they own, they write calls on them at higher prices. It is a strategy he really loves. See the BMo web site.

BUY

You have equity risk. It writes puts as well as owning the companies and writes calls to sell them higher. It pays you for these. About 6% yield at about half the risk of the S&P.

Showing 61 to 68 of 68 entries

Most Recent Experts

Brian Madden

First Avenue Investment Counsel

Kim Bolton

Black Swan Dexteritas

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Jim Cramer - Mad Money

CNBC

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

BMO Premium Yield ETF (ZPAY.TO)