Stockchase Opinions

Stan Wong BMO US High Dividend Covered Call ETF ZWH-T BUY Jun 12, 2023

Attractive at current share price.
Comprised of wide variety of blue chip stocks.
~5% divided yield good for income investors.

$21.480

Stock price when the opinion was issued

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BUY
The yield is in the 5.5%-6% range. A covered call strategy that is pretty sustainable. A group of good quality high dividend paying companies with covered call for yield enhancement. If you are bullish, you could miss out on some returns but in a sideways to down market, a prudent choice.
BUY
A good quality holding. Depends what you are holding out of an investment. Provides more income with the covered calls. In a high growth market, you do underperform. Good for income investors.
TOP PICK
Likes it as a sector play--high-dividend US stocks--and for the dividend of 6%. It's broadly based, and bonds don't pay much or anything.
BUY
Likes it. The higher dividend version of covered calls on the US market.
BUY

Likes it.

BUY

Good for US market exposure. 
Buying stock right now.
Good value proposition. 

BUY

Good option for dividend oriented investors. However, must be aware of tax implications. 

BUY

BMO has the biggest suite of covered call strategies around the world. For US high-dividend covered-call strategies, ZWS or ZWH are really good (one hedged, one not).

TOP PICK

Main thing is it's not leveraged. Holds all the big, household names. Dividends are small on US stocks, so most of the premium you're getting is from the covered calls which are capital gains. Hasn't come back from April because it doesn't have all the super-charged tech stocks. Yield is around 6-6.5%.