iShares S&P/TSX Preferred ETF (CPD-T) Stock Predictions - Stockchase
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iShares S&P/TSX Preferred ETF (CPD-T)

ON STOCKCHASE SINCE Apr 2007

60 high quality preferred shares based in Canada

E.T.F.'s

iShares S&P/TSX Preferred...

CPD-T

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iShares S&P/TSX Preferred ETF (CPD-T) SAVE Apr, 24, 2019, 4:04 pm

12.54 0.01 (0.08%)

What the experts are saying about CPD-T



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DON'T BUY
How much weight would you give to a preferred share ETF within a FI portfolio? He doesn't like preferreds. You get a return of a bond abut the risk of a stock. He prefers covered calls for income.
E.T.F.'s
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How much weight would you give to a preferred share ETF within a FI portfolio? He doesn't like preferreds. You get a return of a bond abut the risk of a stock. He prefers covered calls for income.
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John Hood

President , J. C Hood Investment...

Price Price
$12.390
Owned Owned
Unknown

COMMENT

Changing from GICs and a savings account? He would suggest you buy some preferred shares. Preferred shares are undervalued relative to interest rates. You can buy this ETF. 70% of the portfolio is in floating rate preferreds, which means if interest rates rise, the value of the preferreds will hold their own because the interest they collect will rise. It pays a monthly income and has a 4.8% yield, significantly better than you would get on a bond portfolio.

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Changing from GICs and a savings account? He would suggest you buy some preferred shares. Preferred shares are undervalued relative to interest rates. You can buy this ETF. 70% of the portfolio is in floating rate preferreds, which means if interest rates rise, the value of the preferreds will hold their own because the interest they collect will rise. It pays a monthly income and has a 4.8% yield, significantly better than you would get on a bond portfolio.

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Richard Croft

President, R.N. Croft Financial...

Price Price
$14.250
Owned Owned
Unknown

SELL ON STRENGTH

A basket of preferred stocks, a lot of them being resets.  He has been a net seller of the BMO version late last week.  He would continue to be a seller into strength.  You could buy into pullbacks.  It is unlikely we will break out of the range.

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A basket of preferred stocks, a lot of them being resets.  He has been a net seller of the BMO version late last week.  He would continue to be a seller into strength.  You could buy into pullbacks.  It is unlikely we will break out of the range.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$14.110
Owned Owned
Yes

COMMENT

If interest rates are going to go up (he doesn’t think that is going to happen in a big way), then reset preferreds make a lot of sense. If interest rates are going to go down, reset preferreds don’t. The BMO S&P/TSX Laddered Preferred (ZPR-T) has more reset preferreds in it, while this one is a combination of traditional type preferreds and the resets. Either one is fine right now, but he has been a net seller of these in recent weeks. If this one dips back to about $12.50, he is going to start buying again. He would be a seller above $13.

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If interest rates are going to go up (he doesn’t think that is going to happen in a big way), then reset preferreds make a lot of sense. If interest rates are going to go down, reset preferreds don’t. The BMO S&P/TSX Laddered Preferred (ZPR-T) has more reset preferreds in it, while this one is a combination of traditional type preferreds and the resets. Either one is fine right now, but he has been a net seller of these in recent weeks. If this one dips back to about $12.50, he is going to start buying again. He would be a seller above $13.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$12.800
Owned Owned
Unknown

BUY on WEAKNESS

It is a big position of his in his global dividend fund.  He has been a net seller in the last couple of months.  He would be nibbling away here.

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It is a big position of his in his global dividend fund.  He has been a net seller in the last couple of months.  He would be nibbling away here.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$12.695
Owned Owned
Yes

COMMENT

BMO S&P/TSX Laddered Preferred (ZPR-T) or iShares S&P/TSX preferred (CPD-T)? The only difference between these 2 is that ZPR probably has a little bit more in the rate reset preferred shares, which are the shares that will do well when interest rates start to move higher. The both are very similar though. This one gives you about a 5% dividend yield, and you are basically investing in preferred shares. There is going to be some volatility in the preferred share market.

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BMO S&P/TSX Laddered Preferred (ZPR-T) or iShares S&P/TSX preferred (CPD-T)? The only difference between these 2 is that ZPR probably has a little bit more in the rate reset preferred shares, which are the shares that will do well when interest rates start to move higher. The both are very similar though. This one gives you about a 5% dividend yield, and you are basically investing in preferred shares. There is going to be some volatility in the preferred share market.

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Stan Wong

Director &, Private Wealth Manag...

Price Price
$12.370
Owned Owned
Yes

COMMENT

This has a few more perpetuals in it. It depends on what your objective is. If looking for a trading vehicle or that the preferreds are going to come back, you could be waiting an awfully long time. If looking for some yields that are pretty attractive, then it could be fine.

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This has a few more perpetuals in it. It depends on what your objective is. If looking for a trading vehicle or that the preferreds are going to come back, you could be waiting an awfully long time. If looking for some yields that are pretty attractive, then it could be fine.

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John Hood

President , J. C Hood Investment...

Price Price
$11.200
Owned Owned
Unknown

COMMENT

If you think interest rates in Canada are going to stay where they are or rise ever so slightly, then this is probably near the low because he believes that is what has been priced into it. He would prefer Premium Income Corporation (PIC.PR.D-T), which is a 6% yield, $15 per share unit. This is like a deep in the money covered call. If interest rates rise, that will be positive for the banks, which means there is very little downside in this product.

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If you think interest rates in Canada are going to stay where they are or rise ever so slightly, then this is probably near the low because he believes that is what has been priced into it. He would prefer Premium Income Corporation (PIC.PR.D-T), which is a 6% yield, $15 per share unit. This is like a deep in the money covered call. If interest rates rise, that will be positive for the banks, which means there is very little downside in this product.

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Richard Croft

President, R.N. Croft Financial...

Price Price
$11.985
Owned Owned
Unknown

DON'T BUY

Preferred Share ETF.  The reset preferred market is now about 15% undervalued fundamentally so they should be trading up.  This ETF, however, does own some perpetual preferreds which would react more negatively if interest rates rise.  ZPR-T is his preference because it focuses on resets.

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Preferred Share ETF.  The reset preferred market is now about 15% undervalued fundamentally so they should be trading up.  This ETF, however, does own some perpetual preferreds which would react more negatively if interest rates rise.  ZPR-T is his preference because it focuses on resets.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$13.110
Owned Owned
Unknown

DON'T BUY

Not a huge fan of index, passive investing.  This especially does not make sense in the preferred share market.  You need active management to do it properly.

E.T.F.'s
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Not a huge fan of index, passive investing.  This especially does not make sense in the preferred share market.  You need active management to do it properly.

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Jeff Young

Co-CEO & C, NexGen Financial...

Price Price
$15.370
Owned Owned
Unknown

HOLD

The preferred share market is not liquid.  You should buy a small basket of preferreds with the assistance of an advisor.  You can’t use an ETF in an illiquid market.

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The preferred share market is not liquid.  You should buy a small basket of preferreds with the assistance of an advisor.  You can’t use an ETF in an illiquid market.

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Joey Mack

Director, , ScotiaCapital...

Price Price
$16.020
Owned Owned
Unknown

DON'T BUY

This is not a Preferred Share Market. We are in the early stages of rising interest rates. Most preferred shares, with the exception of a lot of the bank preferred shares, are perpetual preferred shares and will do poorly in a rising interest rate market.

E.T.F.'s
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This is not a Preferred Share Market. We are in the early stages of rising interest rates. Most preferred shares, with the exception of a lot of the bank preferred shares, are perpetual preferred shares and will do poorly in a rising interest rate market.

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$16.040
Owned Owned
No

DON'T BUY

He would want to know how many are perpetuals because those are the ones that are really going to get clobbered if interest rates go up. Doesn’t care for this because you don’t get the advantage of preferreds as everything from the US comes through as income.

E.T.F.'s
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He would want to know how many are perpetuals because those are the ones that are really going to get clobbered if interest rates go up. Doesn’t care for this because you don’t get the advantage of preferreds as everything from the US comes through as income.

E.T.F.'s
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John Hood

President , J. C Hood Investment...

Price Price
$16.210
Owned Owned
No

PAST TOP PICK

(A Top Pick July 8/13. Down 3.85%.) For people trying to collect dividends, preferred shares do sell off in the summer, especially in August but he thinks the selloff has been overdone. For fixed income portfolios, where you are not going to trade, but are going to hold them for perhaps 5 years, this is a good entry point.

E.T.F.'s
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(A Top Pick July 8/13. Down 3.85%.) For people trying to collect dividends, preferred shares do sell off in the summer, especially in August but he thinks the selloff has been overdone. For fixed income portfolios, where you are not going to trade, but are going to hold them for perhaps 5 years, this is a good entry point.

E.T.F.'s
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$15.980
Owned Owned
Yes

TOP PICK

Preferred shares sold off with a lot of other interest sensitive stuff and he thinks they were a little bit over punished. Seems to be bouncing off its support level of around $16. Not looking for any large up movement but this would be for anyone looking at preferreds for their fixed income portfolio. Yield of around 4.5%.

E.T.F.'s
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Preferred shares sold off with a lot of other interest sensitive stuff and he thinks they were a little bit over punished. Seems to be bouncing off its support level of around $16. Not looking for any large up movement but this would be for anyone looking at preferreds for their fixed income portfolio. Yield of around 4.5%.

E.T.F.'s
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$16.730
Owned Owned
Yes

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