BMO Covered Call Utilities ETF (ZWU.TO) Buy,…

BMO Covered Call Utilities ETF (ZWU.TO)

11.02

+0.01 (0.09%)

as of Oct 15, 2026, 7:27:30 pm Market Open.

403 watching

COMMENT

He likes it for cash-flow with excellent yield. A great alternative to bond funds. There’s a good spread of dividend paying companies. The dividends are relatively safe. It hovers around $14. He would wait for a pullback below $14.

BUY

Harvest is the same as BMO except for being more global. ZWU-T has been outperforming HUTL-T over the last year or so because the European stocks have not performed as well as domestic or US stocks.

COMMENT

Yield is 6.25-6.5%, which is pretty good. If you believe the underlying securities will do well over the next few months, you're better off owning those securities as you'll get more in capital growth. But if you think they'll go sideways, you're better off with the ETF. Very defensive.

PAST TOP PICK

(A Top Pick Nov 30/18, Up 16%) The utilities surprised him by going through a flat period where they didn’t do well. If you’re searching for yield, this is a good ETF. A yield over 6 percent. A good place to park your money for cash-flow.

PARTIAL SELL

Covered Call Bank ETF managed by Larry. It's one of his favourite holdings. Long term you can see it is very interest rate sensitive. Utilities, pipelines and telcos. This is not a bond replacement but it is a defensive way to play. He was adding previously but now he would be looking to trim it in preparation for adding in the next dip. He would not sell all and it is a phenomenal holding and is a core part of all his portfolios.

TOP PICK

A lot of analysts felt that utilities are trading at historically highs multiples but yields are very low. To earn a nice dividend yield, it's a good diversified way to do it.

BUY

ZWU-T vs. ZUT-T. ZWU-T includes non-traditional utilities and is a much broader way to play it. The pure utilities asset class is one of the most expensive equities on the planet. He prefers the broader diversification and the covered call overlay. ZWU-T is his preference.

BUY

It's quite popular with good yield. It's not just Canadian but also US utilities. The price has been driven up. A good choice for conservative investors.

WAIT

About a 6.2% dividend. When things are moving higher, you want to own the underlying equities or ETF. And utilities are breaking new highs.

BUY

ETF in Utilities Recommendation for TFSA. One of his favourite ways to play utilities is the ZWU-T to give exposure to Canadian and US utilities. 70/30. It has a covered call overlay. 6-7% yield expected. Not a lot of volatility.

BUY

ZUT-T vs. ZWU-T. The ETF that does not write covered calls has done significantly better. He suggests buying both. You get very low premiums for calls in the utility space.

TOP PICK

It's considered a utility, but it's a much broader scope than classic utilities. The yield is 6.5% with good diversification. May not do much capital gain, but a good place to hold.

BUY ON WEAKNESS

Covered Call Utilities. Utilities, Pipelines and Telcos. The pipeline exposure is going to give you volatility linked to energy prices. Interest rate sensitivity is related to Telcos. Whenever we get interest rate anxiety or oil price anxiety, you get price pressure on this one. He is looking to add below $13. He thinks we will be able to hold the yield.

BUY

We're near a top, but doesn't know if we are there. ZWU is very good for conservative investors, because utilities are less volatile and risky. The covered call pays you some income, even if the ETF doesn't move up much.

WEAK BUY

Over 6% yield with possible capital gains. But utilities are getting more expensive due to demand. A good high yield utility play.

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BMO Covered Call Utilities ETF (ZWU.TO)