BMO Covered Call Utilities ETF (ZWU.TO)

Likes stock at $10 or $11 (better value). Good for yield seeking investors. Underlying assets very safe. Good time to buy. 

8%+ dividend yield due to covered calls. When rates start turning down, these names will benefit and move higher. 71 bps, more expensive than average. Great for income, nice payment as you wait for the turnaround.

With the ROC component, the after-tax yield compares very well to alternatives, but it is hard to say whether it fully compensates, as investors have different tax brackets. If we look shorter term, its five year return is better, at 3.1%. But over ten years, it is down 26%, but with distributions 10-year net is 4.08%. Considering the very weak performance of the last year as interest rates spiked, we would still consider this 'OK' all things considered. 
Unlock Premium - Try 5i Free

Owns full position in this stock.
Good time to buy given current price.
Lots of value with industry fundamentals.

Generally, utilities are a safe investment.
Rising rate environment will negatively impact utilities.
If rates are cut, utilities will perform better.
Income is fairly safe within utility sector. 

Not sure why in this particular case, but it could be because the premiums from the covered calls were not as good. Or it could be that the prices of some of these utilities have gone up. 

You buy this for yield. Utilities are very susceptible to changes in yield. They pay high yields, but it can come back and bite you. This is a pretty solid performer, and the covered calls give a really good boost. He's very much in favour of covered calls.

Utilities are a safe-haven asset with stable, government-set revenues. But the challenge is that during high inflation, these stocks are like a long-duration bond. So, when rates rise, these stocks struggle. ZUT is BMO's equal-weight utilities ETF without calls, but that outperformed ZWU in recent years. Don't be fooled by the covered calls, which outperform in sideways or down markets, but less so in better markets. Utilities at 20-30% of a portfolio--be cautious. If you're bearish, seek utilities. If bullish, maybe not.

Defensive name with safe dividend yield.
Won't get large capital gains.
ZUT better option - doesn't write covered calls.

Mostly defensive. In a rising, uptrending market, the names meander along sideways. Great for yield, however he prefers XEI. Enhanced yield of about 8.3%.

Covered call utilities (will limit upside potential).
Good defensive name.

Very strong yield that is attractive. 
Currently paying ~8% which is incredible.
Won't see high share price appreciation.
Safe name for dividend seeking investors.
Better names for capital appreciation. 

Conservative way to get exposure to utilities.
Good time to buy and owns shares.
Safe place for capital.