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

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BMO Premium Yield ETF (ZPAY.TO)

33.76

+0.09 (0.27%)

as of Jul 6, 2026, 7:50:33 pm Market Open.

152 watching

Investor Insights

Jul 7, 2026, 12:00 am

This summary was created by AI, based on 14 opinions in the last 12 months.

BMO Premium Yield ETF (ZPAY) is characterized by its strategy of income generation through covered call writing and cash-secured put writing. Experts highlight its ability to target returns of 6% or more while maintaining a tax-efficient structure suitable for foreign assets, with both currency-hedged and unhedged versions available. ZPAY has demonstrated resilience in its performance, particularly when compared to its hedged counterpart. While it offers potential downside protection, it is not considered a safe haven due to its equity exposure, which introduces volatility. Overall, this ETF is viewed favorably for income-focused investors, albeit with the caveat that it is not designed for significant capital gains.

Consensus

Positive

Valuation

Fair Value

Similar

ZWU

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 65 of 65 entries

Most Recent Experts

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BMO Premium Yield ETF (ZPAY.TO)