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BMO S&P/TSX Laddered Preferred (ZPR-T)

ON STOCKCHASE SINCE Dec 2012

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BMO S&P/TSX Laddered Pref...
ZPR-T

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Signal	Opinion	Expert
COMMENT	BMO S&P/TSX Laddered Preferred(ZPR-T) April 2, 2019 Good ETF. Interest rates going down affects it as many of the underlying are rate resets. He doesn't like preferreds that much in the sense that you get return of a bond with a risk of stocks. He prefers capital growth. E.T.F.'s 0 0 0 0 0 0 comments	Good ETF. Interest rates going down affects it as many of the underlying are rate resets. He doesn't like preferreds that much in the sense that you get return of a bond with a risk of stocks. He prefers capital growth. E.T.F.'s 0 0 0 0 0 0 comments John Hood President , J. C Hood Investment... Price $10.150 Owned Unknown

HOLD	BMO S&P/TSX Laddered Preferred(ZPR-T) January 2, 2019 He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over 4%. E.T.F.'s 0 0 0 0 0 0 comments	He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over 4%. E.T.F.'s 0 0 0 0 0 0 comments John Hood President , J. C Hood Investment... Price $10.150 Owned Unknown
BUY	BMO S&P/TSX Laddered Preferred(ZPR-T) November 19, 2018 ZPR-T vs. ZWC-T vs. ZWU-T. He likes ZWU-T and ZWC-T for the covered calls. ZPR-T is reset preferreds. They reset. There is an expectation that BOC will be less aggressive with interest rates so we are seeing pressure on these. The lower it gets the more he likes it. He feels it will appreciate next year. E.T.F.'s 0 0 0 0 0 0 comments	ZPR-T vs. ZWC-T vs. ZWU-T. He likes ZWU-T and ZWC-T for the covered calls. ZPR-T is reset preferreds. They reset. There is an expectation that BOC will be less aggressive with interest rates so we are seeing pressure on these. The lower it gets the more he likes it. He feels it will appreciate next year. E.T.F.'s 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $10.860 Owned Unknown
BUY	BMO S&P/TSX Laddered Preferred(ZPR-T) September 24, 2018 There used to be perpetual preferreds that did poorly when bonds went up. He does not see a lot of growth here. He has been trading it. He trades a range. He prefers the indexed strategy to going into specific preferreds. HPR-T is an alternative he prefers. E.T.F.'s 0 0 0 0 0 0 comments	There used to be perpetual preferreds that did poorly when bonds went up. He does not see a lot of growth here. He has been trading it. He trades a range. He prefers the indexed strategy to going into specific preferreds. HPR-T is an alternative he prefers. E.T.F.'s 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $11.690 Owned Yes
COMMENT	BMO S&P/TSX Laddered Preferred(ZPR-T) September 21, 2018 ZPR-T vs HPR-T? Preferred shares in Canada are subject to resets, so they’re a great thing when interest rates rise. But when rates go down, they get creamed. It’s unlikely that rates will go down anytime soon. ZPR-T is laddered, and very short term and floating rate. Not a bad strategy. A better strategy would be HPR-T, which is actively managed by Fierra a fantastic manager in the fixed income space. The price on HPR-T is kinda in the same category as ZPR-T but you get the advantage of Fierra without paying a lot. Prefers HPR-T to ZPR-T. E.T.F.'s 0 0 0 0 0 0 comments	ZPR-T vs HPR-T? Preferred shares in Canada are subject to resets, so they’re a great thing when interest rates rise. But when rates go down, they get creamed. It’s unlikely that rates will go down anytime soon. ZPR-T is laddered, and very short term and floating rate. Not a bad strategy. A better strategy would be HPR-T, which is actively managed by Fierra a fantastic manager in the fixed income space. The price on HPR-T is kinda in the same category as ZPR-T but you get the advantage of Fierra without paying a lot. Prefers HPR-T to ZPR-T. E.T.F.'s 0 0 0 0 0 0 comments Terry Shaunessy President , Shaunessy Investment... Price $11.690 Owned Unknown
DON'T BUY	BMO S&P/TSX Laddered Preferred(ZPR-T) March 5, 2018 ZPR-T vs. HPR-T. HPR-T is actively managed whereas the other is a laddered, index ETF. The HPR-T is probably a better hold even though the fees are higher. E.T.F.'s 0 0 0 0 0 0 comments	ZPR-T vs. HPR-T. HPR-T is actively managed whereas the other is a laddered, index ETF. The HPR-T is probably a better hold even though the fees are higher. E.T.F.'s 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $11.700 Owned Unknown
COMMENT	BMO S&P/TSX Laddered Preferred(ZPR-T) January 23, 2018 Rate resets? Has heard a lot more about preferred shares in the last few months than he has in the last 5 years. Where you have to be very diligent is in reading the fine print. What is the reset? How many more basis points are the giving you over Canada's? What is their benchmark? When does it occur? This is a place that you could put part of your portfolio in, you just have to be extremely selective. E.T.F.'s 0 0 0 0 0 0 comments	Rate resets? Has heard a lot more about preferred shares in the last few months than he has in the last 5 years. Where you have to be very diligent is in reading the fine print. What is the reset? How many more basis points are the giving you over Canada's? What is their benchmark? When does it occur? This is a place that you could put part of your portfolio in, you just have to be extremely selective. E.T.F.'s 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $11.910 Owned Unknown
HOLD	BMO S&P/TSX Laddered Preferred(ZPR-T) January 19, 2018 Bank of Montréal preferreds are in fact rate resets as opposed to perpetuals, which are by and large from iShares. As rates change, the rates they are paying will change as well. Generally with the preferred, if you are seeing rates going up, they tend to get beaten up a little, but rate resets are a little healthier than that. The yield is good on this and he has no intention of selling his. E.T.F.'s 0 0 0 0 0 0 comments	Bank of Montréal preferreds are in fact rate resets as opposed to perpetuals, which are by and large from iShares. As rates change, the rates they are paying will change as well. Generally with the preferred, if you are seeing rates going up, they tend to get beaten up a little, but rate resets are a little healthier than that. The yield is good on this and he has no intention of selling his. E.T.F.'s 0 0 0 0 0 0 comments John Hood President , J. C Hood Investment... Price $11.900 Owned Yes
WATCH	BMO S&P/TSX Laddered Preferred(ZPR-T) January 8, 2018 Rate Reset Preferreds. With higher interest rates you will get high rates as they reset. He will step in after the next correction. E.T.F.'s 0 0 0 0 0 0 comments	Rate Reset Preferreds. With higher interest rates you will get high rates as they reset. He will step in after the next correction. E.T.F.'s 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $11.900 Owned No
BUY on WEAKNESS	BMO S&P/TSX Laddered Preferred(ZPR-T) October 16, 2017 Laddered preferreds. They do well in rising interest rate environments. Fundamentally it is not cheap here. He got a lot a year ago. He does not like the relative value here. He would buy into weakness on a pull pack. That could happen in December. E.T.F.'s 0 0 0 0 0 0 comments	Laddered preferreds. They do well in rising interest rate environments. Fundamentally it is not cheap here. He got a lot a year ago. He does not like the relative value here. He would buy into weakness on a pull pack. That could happen in December. E.T.F.'s 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $11.790 Owned No
COMMENT	BMO S&P/TSX Laddered Preferred(ZPR-T) May 4, 2017 How will rising interest rates affect this, up or down? If you believe preferred shares are a little undervalued compared to bonds, higher interest rates are going to have a negative impact. Doesn’t think it will be as dramatic as the impact you would get if holding a bond portfolio. This is not a bad way to hedge your bets on a higher interest rate environment, because as rates go up, they will reset the preferreds at a higher rate to keep the price steady. E.T.F.'s 0 0 0 0 0 0 comments	How will rising interest rates affect this, up or down? If you believe preferred shares are a little undervalued compared to bonds, higher interest rates are going to have a negative impact. Doesn’t think it will be as dramatic as the impact you would get if holding a bond portfolio. This is not a bad way to hedge your bets on a higher interest rate environment, because as rates go up, they will reset the preferreds at a higher rate to keep the price steady. E.T.F.'s 0 0 0 0 0 0 comments Richard Croft President, R.N. Croft Financial... Price $11.265 Owned Unknown
COMMENT	BMO S&P/TSX Laddered Preferred(ZPR-T) April 4, 2017 How will rising interest rates affect this? This is a “rules based” ETF and is made up of 100% fixed reset preferred shares. In theory, in a rise in rates, this would perform well. E.T.F.'s 0 0 0 0 0 0 comments	How will rising interest rates affect this? This is a “rules based” ETF and is made up of 100% fixed reset preferred shares. In theory, in a rise in rates, this would perform well. E.T.F.'s 0 0 0 0 0 0 comments Doug Grieve Portfolio , Lysander-Slater Pref... Price $11.490 Owned Unknown
COMMENT	BMO S&P/TSX Laddered Preferred(ZPR-T) March 13, 2017 Will the rise in value of this ETF continue? The TD Bank and Bank of Montréal launched some structured products into the market that were linked to the payouts of the preferreds, and they were wildly successful. The demand for these preferreds went through the roof. He doesn’t think this is sustainable and he sold into the rally. He doesn’t like the value up here and is reducing his exposure. E.T.F.'s 0 0 0 0 0 0 comments	Will the rise in value of this ETF continue? The TD Bank and Bank of Montréal launched some structured products into the market that were linked to the payouts of the preferreds, and they were wildly successful. The demand for these preferreds went through the roof. He doesn’t think this is sustainable and he sold into the rally. He doesn’t like the value up here and is reducing his exposure. E.T.F.'s 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $11.460 Owned Yes
PARTIAL SELL	BMO S&P/TSX Laddered Preferred(ZPR-T) February 27, 2017 This is expensive now. He has been selling into the strength since December. If it gets back to those levels he would buy back in. E.T.F.'s 0 0 0 0 0 0 comments	This is expensive now. He has been selling into the strength since December. If it gets back to those levels he would buy back in. E.T.F.'s 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $11.345 Owned Unknown
PAST TOP PICK	BMO S&P/TSX Laddered Preferred(ZPR-T) December 23, 2016 (A Top Pick July 29/16. Up 8.13%.) Has a lot of clients that are really focused on how they are going to get the income they need. Every 5 years, these preferred shares get reset, and they benefit when interest rates are going up. E.T.F.'s 0 0 0 0 0 0 comments	(A Top Pick July 29/16. Up 8.13%.) Has a lot of clients that are really focused on how they are going to get the income they need. Every 5 years, these preferred shares get reset, and they benefit when interest rates are going up. E.T.F.'s 0 0 0 0 0 0 comments Lorne Zeiler Portfolio , TriDelta Financial... Price $10.580 Owned Yes

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