BMO Dow Jones Indus. Avg. Hedge ETF

ZWA-T

Analysis and Opinions about ZWA-T

Signal
Opinion
Expert
HOLD
HOLD
February 11, 2020

Likes this, but prefers ZWH for its much-higher dividend yield. But it's okay to hold onto ZWA.

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Likes this, but prefers ZWH for its much-higher dividend yield. But it's okay to hold onto ZWA.

BUY
BUY
January 2, 2020

Likes it. A little more restricted than the ZWH, and the yield is about 1.5% lower than that one. Might be better for growth instead of income.

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Likes it. A little more restricted than the ZWH, and the yield is about 1.5% lower than that one. Might be better for growth instead of income.

WEAK BUY
WEAK BUY
April 15, 2019
ZWA-T vs. ZWS-T. ZWA-T is the Dow 30 with a covered call overlay. ZWS-T is a broader ETF with 50 holdings, much more diversified and just the DOW index and it also has a covered call overlay. He would prefer ZWS-T. He is looking at buying a lot more of this one.
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ZWA-T vs. ZWS-T. ZWA-T is the Dow 30 with a covered call overlay. ZWS-T is a broader ETF with 50 holdings, much more diversified and just the DOW index and it also has a covered call overlay. He would prefer ZWS-T. He is looking at buying a lot more of this one.
PAST TOP PICK
PAST TOP PICK
August 31, 2018

(A Top Pick May 18/18, Up 5%) Covered call adds yield when the market goes sideways, as it usually does in the summer. You don’t have to time the market, you just participate and take down portfolio risk.

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(A Top Pick May 18/18, Up 5%) Covered call adds yield when the market goes sideways, as it usually does in the summer. You don’t have to time the market, you just participate and take down portfolio risk.

TOP PICK
TOP PICK
May 18, 2018

Extra 2% return on the Dow. A way to mitigate volatility. Play on the broad market in a good economy.

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Extra 2% return on the Dow. A way to mitigate volatility. Play on the broad market in a good economy.

PAST TOP PICK
PAST TOP PICK
August 18, 2017

(Top Pick Jun 28/17, Up 0.73%) The Dow has been the place to be. It has been a great hold. He likes the covered call aspect for the summer. You can collect the extra yield in that time.

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(Top Pick Jun 28/17, Up 0.73%) The Dow has been the place to be. It has been a great hold. He likes the covered call aspect for the summer. You can collect the extra yield in that time.

BUY
BUY
July 11, 2017

Increasing US exposure in the TSX ETF? There are a couple he would look at. BMO Dow Jones Indus. Avg. Hedge (ZWA-T), which is a covered call on the Dow stocks, as well as BMO US High Dividend Covered Call (ZWH-T) which is based on the higher dividend paying S&P. He likes both of these. They are more expensive because they are Covered Calls, but is quite impressed with the value added. He has a lot of these.

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Increasing US exposure in the TSX ETF? There are a couple he would look at. BMO Dow Jones Indus. Avg. Hedge (ZWA-T), which is a covered call on the Dow stocks, as well as BMO US High Dividend Covered Call (ZWH-T) which is based on the higher dividend paying S&P. He likes both of these. They are more expensive because they are Covered Calls, but is quite impressed with the value added. He has a lot of these.

TOP PICK
TOP PICK
June 28, 2017

He likes covered call strategies during the summer. If we are expecting a flat to negative print on the broad market tape, then really you want to be in some of these covered call names. In a higher trending market, you are going to be called away from these positions, which is detrimental to the price of these covered call ETFS. In a flat to negative trending market, you are benefiting from the covered call overlay, which is 2% above the benchmark yield of about 2.7%.

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He likes covered call strategies during the summer. If we are expecting a flat to negative print on the broad market tape, then really you want to be in some of these covered call names. In a higher trending market, you are going to be called away from these positions, which is detrimental to the price of these covered call ETFS. In a flat to negative trending market, you are benefiting from the covered call overlay, which is 2% above the benchmark yield of about 2.7%.

COMMENT
COMMENT
January 16, 2017

DOW mature blue chip companies with a covered call overlay. ZPW-T or a hedged version, which is even better, would be better going forward.

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DOW mature blue chip companies with a covered call overlay. ZPW-T or a hedged version, which is even better, would be better going forward.

WAIT
WAIT
March 14, 2016

ZWH-T vs. ZWA-T. ZWH-T is high dividend exposure split across all economic sectors, but you have exposure to the US$. ZWA-T is narrower and has a currency hedge. For new money he would not put it into these as he is raising cash as he thinks another pullback is coming.

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ZWH-T vs. ZWA-T. ZWH-T is high dividend exposure split across all economic sectors, but you have exposure to the US$. ZWA-T is narrower and has a currency hedge. For new money he would not put it into these as he is raising cash as he thinks another pullback is coming.

BUY
BUY
March 7, 2016

Dow with a covered call overlay and a currency hedge. He prefers this to a basket of blue chips in the US. ZUD-T is top dividend payers in the US with a currency hedge.

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Dow with a covered call overlay and a currency hedge. He prefers this to a basket of blue chips in the US. ZUD-T is top dividend payers in the US with a currency hedge.

COMMENT
COMMENT
December 2, 2015

A covered call on the Dow. He still likes it. A core covered call holding for him. They take all 30 Dow stocks and sell calls against each of them individually. When you are selling calls on individual stocks “in” a basket, you are doing better than if you were just selling calls “on” the basket.

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A covered call on the Dow. He still likes it. A core covered call holding for him. They take all 30 Dow stocks and sell calls against each of them individually. When you are selling calls on individual stocks “in” a basket, you are doing better than if you were just selling calls “on” the basket.

COMMENT
COMMENT
November 30, 2015

How does hedging work? Every month they look at the assets and write a forward contract on the currency. The cost of hedging between US and Canadian $ is relatively low. It costs 25-50 basis points and is part of the tracking error, rather than the MER.

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How does hedging work? Every month they look at the assets and write a forward contract on the currency. The cost of hedging between US and Canadian $ is relatively low. It costs 25-50 basis points and is part of the tracking error, rather than the MER.

COMMENT
COMMENT
August 27, 2015

We have to remember what a Covered Call is. Money comes into this ETF and there is an obligation to Sell stock at a particular price. Covered Calls can limit your upside. Covered calls look great in a trendless market. You don’t want markets way up and you don’t want markets way down. It definitely adds income to your portfolio. When looking at this, you have to look at the marketplace and get some idea where you think the markets are going.

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We have to remember what a Covered Call is. Money comes into this ETF and there is an obligation to Sell stock at a particular price. Covered Calls can limit your upside. Covered calls look great in a trendless market. You don’t want markets way up and you don’t want markets way down. It definitely adds income to your portfolio. When looking at this, you have to look at the marketplace and get some idea where you think the markets are going.

TOP PICK
TOP PICK
April 13, 2015

This gives you some actual capital gains income from the US market, instead of always being in terms of income, because the covered calls are treated as capital gain. He likes it because he can be in the US market with a little bit of a hedge on, and he likes the income component of it. Also, BMO doesn’t sell the calls against the index; they sell them against all the stocks in the DOW, which gives you a better bang for the buck. You have to remember that this is a little expensive at around 70-75 basis points.

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This gives you some actual capital gains income from the US market, instead of always being in terms of income, because the covered calls are treated as capital gain. He likes it because he can be in the US market with a little bit of a hedge on, and he likes the income component of it. Also, BMO doesn’t sell the calls against the index; they sell them against all the stocks in the DOW, which gives you a better bang for the buck. You have to remember that this is a little expensive at around 70-75 basis points.

Showing 1 to 15 of 39 entries

BMO Dow Jones Indus. Avg. Hedge ETF(ZWA-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for BMO Dow Jones Indus. Avg. Hedge ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BMO Dow Jones Indus. Avg. Hedge ETF(ZWA-T) Frequently Asked Questions

What is BMO Dow Jones Indus. Avg. Hedge ETF stock symbol?

BMO Dow Jones Indus. Avg. Hedge ETF is a Canadian stock, trading under the symbol ZWA-T on the Toronto Stock Exchange (ZWA-CT). It is usually referred to as TSX:ZWA or ZWA-T

Is BMO Dow Jones Indus. Avg. Hedge ETF a buy or a sell?

In the last year, 2 stock analyst published opinions about ZWA-T. 1 analyst recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for BMO Dow Jones Indus. Avg. Hedge ETF.

Is BMO Dow Jones Indus. Avg. Hedge ETF a good investment or a top pick?

BMO Dow Jones Indus. Avg. Hedge ETF was recommended as a Top Pick by John Hood on 2020-02-11. Read the latest stock experts ratings for BMO Dow Jones Indus. Avg. Hedge ETF.

Why is BMO Dow Jones Indus. Avg. Hedge ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is BMO Dow Jones Indus. Avg. Hedge ETF worth watching?

2 stock analyst on Stockchase covered BMO Dow Jones Indus. Avg. Hedge ETF In the last year. It is a trending stock that is worth watching.

What is BMO Dow Jones Indus. Avg. Hedge ETF stock price?

On 2020-06-05, BMO Dow Jones Indus. Avg. Hedge ETF (ZWA-T) stock closed at a price of $21.69.