BMO Covered Call Cdn Banks ETF | StockChase
145
BMO Covered Call Cdn Banks ETF (ZWB-T)

Last Price Recorded: $19.3600 on 2017-11-16

ON STOCKCHASE SINCE Feb 2011

E.T.F.'s

BMO Covered Call Cdn Banks ETF


Signal Opinion Expert

2017-10-02

WAIT
BMO Covered Call Cdn Banks ETF (ZWB-T)

Equal weighted Canadian bank covered call strategy.  Banks should settle into a trading range over the next couple of years so buy low and sell high.  Wait until it pulls back.  You could trim your position right now.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.850
Owned: Unknown

2017-08-30

BUY
BMO Covered Call Cdn Banks ETF (ZWB-T)

This has gone from around $21 to $19 and the yield is about 5.1%. A good entry point.

E.T.F.'s
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Management

Price: $18.080
Owned: Unknown

2017-08-28

BUY
BMO Covered Call Cdn Banks ETF (ZWB-T)

A sector play just on Canadian banks, which he likes better than a broadly diversified portfolio. His concern on a broadly diversified portfolio is the movement of different sectors in the course of a business cycle. You lose the sectors as they are rising, and you end up continuing to hold the sectors that are declining. This one is only one sector. The banks are averaging about 4.25% dividends, and about half the income comes from dividends and the other half comes from capital gains on the sale of options. They only write options on about 50% of the portfolio, so you are getting some upside anyways as banks continue to rise. A good ETF.

E.T.F.'s
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $18.030
Owned: Yes

2017-08-21

WEAK BUY
BMO Covered Call Cdn Banks ETF (ZWB-T)

You have to look at the costs of the covered calls as well as MERs for these ETFs.  The banks are so far performing the way they should.  All banks are slightly down this year.  In 2008 ALL the banks were down 40%.  He would like to be more diversified.  If we were in a long sideways market, then the covered calls would be beneficial.

E.T.F.'s
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $18.090
Owned: Unknown

2017-06-30

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

Provides about a 5% yield, which is capital gains and dividends. Pretty much a core holding for him.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $18.200
Owned: Yes

2017-06-08

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

The great thing about covered calls is that they offer you some upside when things are going down, but also take some of the downside away when things are going up. The “covered call” methodology regulates so that the highs are less high and the lows are less low.

E.T.F.'s
John DeGoey

Portfolio Manager, Industrial Alliance Securities

Price: $18.020
Owned: Unknown

2017-06-05

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

Dividends aren’t going up.  The premium on the options is lower.  The dividends on the underlying banks are increasing, but the premium on the covered calls has been coming down.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $17.900
Owned: Unknown

2017-05-11

PAST TOP PICK
BMO Covered Call Cdn Banks ETF (ZWB-T)

(Top Pick Jan 19/16, Up 34%)  Another core holding.  BMO has a number of good covered call strategies.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $17.980
Owned: Yes

2017-04-17

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

Individual banks have done a lot better, so why should a person buy this ETF? If you have enough money to buy all 5 banks individually and you don’t mind paying for 5 trade tickets, then you might very well be better off buying the 5 banks. If you are worried about banks going sideways, this at least gives you the chance to make some money on the covered call writing that this ETF does.

E.T.F.'s
John DeGoey

Portfolio Manager, Industrial Alliance Securities

Price: $18.650
Owned: Unknown

2017-04-10

BUY
BMO Covered Call Cdn Banks ETF (ZWB-T)

In a strong upward market it will underperform the equal weight without covered calls.  Despite what others have said, these are not bad for long term holds.  They do not, however, replace fixed income because you have equity exposure.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.870
Owned: Unknown

2017-04-03

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

30% was return of capital in 2016.  In the beginning of 2016 there was about 65 million units outstanding.  By the end there were 5 million new units.  They then had to pay out on additional shares.  They do a return on capital so that everyone gets the same amount of payout.  You are not getting your own money back.  It is an adjustment because there are now more units.  This is the structure of a growing fund.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.890
Owned: Unknown

2017-03-29

BUY
BMO Covered Call Cdn Banks ETF (ZWB-T)

Covered call ETFs from BMO etc. pay mostly eligible dividends.  A TFSA should have VERY taxable things in it and put ETFs like this one OUTSIDE the TFSA.

E.T.F.'s
Daniel Straus

Head of ETF Research & Strategy, National Bank Financial

Price: $18.970
Owned: Unknown

2017-03-27

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

Covered call banks, but ZWC-T covers more economic sectors.  Banks are 21% of the TSX and are that potion of ZWC-T.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.870
Owned: Unknown

2017-02-27

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

There is no real negative from the covered call strategy in a dropping market unless the stock goes down by large up & down movements.  However, it enhances your yield while you are waiting out the downturn.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $19.200
Owned: Unknown

2017-02-06

COMMENT
BMO Covered Call Cdn Banks ETF (ZWB-T)

The MER is in the 40-50 basis point range.  The enhanced yield is created with an option writing overlay.  They write one standard deviation out of the money.  The options can enhance yield 1.5 percentage points over time.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.940
Owned: Unknown

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