BMO S&P/TSX Laddered Preferred

ZPR-T

Analysis and Opinions about ZPR-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 8, 2020
It is a rate reset ETF of preferred shares. As interest rates have fallen to probably the lowest level, the yields are pretty good. He would prefer to sell calls against the banks, collecting the dividend along the way. He is not a fan of preferreds.
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It is a rate reset ETF of preferred shares. As interest rates have fallen to probably the lowest level, the yields are pretty good. He would prefer to sell calls against the banks, collecting the dividend along the way. He is not a fan of preferreds.
COMMENT
COMMENT
March 25, 2020
Preferred shares? This is indicative of high yield investments that act as equity when the market is under duress. ZPR is an example that is down 35% for the year. The global bailouts amount to $12 trillion and this is driving interest rates down to zero. Rate resets that use these long term rates to set the dividend will cause them to fall in value.
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Preferred shares? This is indicative of high yield investments that act as equity when the market is under duress. ZPR is an example that is down 35% for the year. The global bailouts amount to $12 trillion and this is driving interest rates down to zero. Rate resets that use these long term rates to set the dividend will cause them to fall in value.
COMMENT
COMMENT
May 27, 2019
A lot of the preferreds have moved to reset preferreds. Preferreds are not as defensive as they were historically. They are not as low risk as people traditionally think.
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A lot of the preferreds have moved to reset preferreds. Preferreds are not as defensive as they were historically. They are not as low risk as people traditionally think.
COMMENT
COMMENT
May 9, 2019
Many people are looking for income. This pays a 6% yield. (See his top picks later.)
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Many people are looking for income. This pays a 6% yield. (See his top picks later.)
COMMENT
COMMENT
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.
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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.
HOLD
HOLD
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%.
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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%.
BUY
BUY
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.
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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.
BUY
BUY
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.

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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.

COMMENT
COMMENT
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

COMMENT
COMMENT
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.

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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.

HOLD
HOLD
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.

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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.

WATCH
WATCH
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.

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Rate Reset Preferreds. With higher interest rates you will get high rates as they reset. He will step in after the next correction.

BUY WEAKNESS
BUY WEAKNESS
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.

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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.

COMMENT
COMMENT
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.

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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.

Showing 1 to 15 of 61 entries

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

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for BMO S&P/TSX Laddered Preferred 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 S&P/TSX Laddered Preferred(ZPR-T) Frequently Asked Questions

What is BMO S&P/TSX Laddered Preferred stock symbol?

BMO S&P/TSX Laddered Preferred is a Canadian stock, trading under the symbol ZPR-T on the Toronto Stock Exchange (ZPR-CT). It is usually referred to as TSX:ZPR or ZPR-T

Is BMO S&P/TSX Laddered Preferred a buy or a sell?

In the last year, 1 stock analyst published opinions about ZPR-T. 0 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for BMO S&P/TSX Laddered Preferred.

Is BMO S&P/TSX Laddered Preferred a good investment or a top pick?

BMO S&P/TSX Laddered Preferred was recommended as a Top Pick by John Hood on 2020-04-08. Read the latest stock experts ratings for BMO S&P/TSX Laddered Preferred.

Why is BMO S&P/TSX Laddered Preferred 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 S&P/TSX Laddered Preferred worth watching?

1 stock analyst on Stockchase covered BMO S&P/TSX Laddered Preferred In the last year. It is a trending stock that is worth watching.

What is BMO S&P/TSX Laddered Preferred stock price?

On 2020-06-04, BMO S&P/TSX Laddered Preferred (ZPR-T) stock closed at a price of $8.13.