This summary was created by AI, based on 1 opinions in the last 12 months.
The reviews for the BMO Dow Jones Industrial Average Hedge ETF (ZWA-T) indicate a strong preference against this investment vehicle. Experts criticize the ETF for its reliance on the Dow Jones Industrial Average (DJIA) as a benchmark, noting that its price-weighted structure disproportionately favors companies with higher stock prices, which can lead to skewed exposure. This seems to dissuade some from considering it a good option for gaining access to U.S. equities. Instead, experts recommend alternatives like ETFs tracking the S&P 500 or using an equal-weighted strategy, which may provide a more balanced representation of the U.S. market. Ultimately, the consensus leans heavily toward seeking other options for equity exposure.
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.
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.
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%.
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
In the last year, 3 stock analysts published opinions about ZWA-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO Dow Jones Indus. Avg. Hedge ETF.
BMO Dow Jones Indus. Avg. Hedge ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO Dow Jones Indus. Avg. Hedge ETF.
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.
3 stock analysts on Stockchase covered BMO Dow Jones Indus. Avg. Hedge ETF In the last year. It is a trending stock that is worth watching.
On 2025-04-02, BMO Dow Jones Indus. Avg. Hedge ETF (ZWA-T) stock closed at a price of $25.68.
His least favourite BMO ETF, terrible way to get exposure to US equities. Not because it's BMO or because of the structure, but because it's the Dow. DJIA is weighted by the size of a company's stock, so higher prices get more weight than lower. Terrible index.
He'd much prefer an ETF that's in the S&P 500 or an equal-weight US market exposure.