BMO Canadian High Dividend Covered Call ETF (ZWC-T) Stock Predictions - Stockchase
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14
BMO Canadian High Dividend Covered Call ETF (ZWC-T)

ON STOCKCHASE SINCE Mar 2017

E.T.F.'s

BMO Canadian High Dividen... BMO Canadian High Dividend Covered Call ETF
ZWC-T

17 14
E.T.F.'s

BMO Canadian High Dividend Covered Call ETF (ZWC-T) SAVE

18.47

0.2 (1.09%)

Oct, 20, 2018, 12:00 am

OPINIONS

What the experts are saying about ZWC-T



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COMMENT

Banks insurance and so on – high yielding stocks.  Late in the cycle you will get a bit higher yield.  It is limited to Canadian companies so there is no global diversification there.  Sometimes it pays to have financial advice.

E.T.F.'s

Banks insurance and so on – high yielding stocks.  Late in the cycle you will get a bit higher yield.  It is limited to Canadian companies so there is no global diversification there.  Sometimes it pays to have financial advice.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.200
Owned Owned
Unknown

WATCH

Great quality dividend paying stocks with a covered call overlay.  He loves the strategy.  It owns banks, energy companies and insurance companies.  The TSX could fall 3-5% over the next months and that is another place to come into it.

E.T.F.'s

Great quality dividend paying stocks with a covered call overlay.  He loves the strategy.  It owns banks, energy companies and insurance companies.  The TSX could fall 3-5% over the next months and that is another place to come into it.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.120
Owned Owned
Yes

BUY

XDV-T vs. ZWC-T.  Most stocks in those two indexes are similar.  ZWC-T has a covered call overlay.  XDV-T is more sector concentrated.  He advocates that if you are in the market late in the investment cycle you want to be in a covered call strategy.  It gives you a smoother ride.

E.T.F.'s

XDV-T vs. ZWC-T.  Most stocks in those two indexes are similar.  ZWC-T has a covered call overlay.  XDV-T is more sector concentrated.  He advocates that if you are in the market late in the investment cycle you want to be in a covered call strategy.  It gives you a smoother ride.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.600
Owned Owned
Unknown

COMMENT

ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

E.T.F.'s

ZWC vs. ZWE vs. ZWU. ZWC has a lot of the good dividend payers with a covered call overlay. ZWU is lower risk than ZWC, as it doesn’t have exposure to energy and financials. If interest rates go up in a big way, ZWU will underperform, and could easily go down 3-5%. The dividends for these are safe. ZWU is attractive from a defensive standpoint. ZWE has exposure to the 3 biggest country markets, very few financials, a currency hedge, little Italy exposure. It could fall 5-7% in the next months, and then it would be a pretty decent buy.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.430
Owned Owned
Unknown

DON'T BUY

He has been reducing it recently because of relative risk in Canada compared to the rest of the world.  This ETF has the best dividend players in Canada.  There is very low risk of cutting, and they are very likely to grow dividends.  They have a covered call overlay to increase yield.  There is also ZDV-T without the covered call strategy and this will give you more growth rather than yield.

E.T.F.'s

He has been reducing it recently because of relative risk in Canada compared to the rest of the world.  This ETF has the best dividend players in Canada.  There is very low risk of cutting, and they are very likely to grow dividends.  They have a covered call overlay to increase yield.  There is also ZDV-T without the covered call strategy and this will give you more growth rather than yield.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.740
Owned Owned
Yes

DON'T BUY

Getting so popular, could they have trouble in the future consuming too much of the option market? High dividend in the last couple of years hasn’t necessary been the best strategy. Momentum and growth have been doing better. You want to be buying this strategy on flat markets. We are not seeing this.

E.T.F.'s

Getting so popular, could they have trouble in the future consuming too much of the option market? High dividend in the last couple of years hasn’t necessary been the best strategy. Momentum and growth have been doing better. You want to be buying this strategy on flat markets. We are not seeing this.

E.T.F.'s
Stan Wong

Director &, Private Wealth Manag...

Price Price
$19.510
Owned Owned
No

COMMENT

You are going to find less volatility in a high dividend fund.  But it can go down like anything else.

E.T.F.'s

You are going to find less volatility in a high dividend fund.  But it can go down like anything else.

E.T.F.'s
Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$19.380
Owned Owned
Unknown

BUY

6.49% yield.  You aren’t getting your own money back.  It is dividends plus covered call exposure.

E.T.F.'s

6.49% yield.  You aren’t getting your own money back.  It is dividends plus covered call exposure.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.040
Owned Owned
Unknown

HOLD

He likes it and other covered calls on the banks and some of the others in the US. He doesn’t have much faith in Ottawa these days. He thinks policies are ill conceived. We seem to be in the direction of greater regulation and greater taxation. He sees companies retracting from Canada.  

E.T.F.'s

He likes it and other covered calls on the banks and some of the others in the US. He doesn’t have much faith in Ottawa these days. He thinks policies are ill conceived. We seem to be in the direction of greater regulation and greater taxation. He sees companies retracting from Canada.  

E.T.F.'s
John Hood

President , J. C Hood Investment...

Price Price
$18.870
Owned Owned
Yes

BUY

Covered call high dividend ETF.  The volatility is picking up so this is not a bad place to be because of the covered calls earning bigger premiums.  It has come back to its September lows. 

E.T.F.'s

Covered call high dividend ETF.  The volatility is picking up so this is not a bad place to be because of the covered calls earning bigger premiums.  It has come back to its September lows. 

E.T.F.'s
Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$19.230
Owned Owned
Unknown

COMMENT

The dividend paying stocks average about 4% in dividends.  The premium above that is coming from the covered call strategy and there is no return of capital in that model.  There are capital distributions from mergers and acquisitions only.  There is a high correlation to financials in Canada.  It is kind of like the weighting of the TSX.

E.T.F.'s

The dividend paying stocks average about 4% in dividends.  The premium above that is coming from the covered call strategy and there is no return of capital in that model.  There are capital distributions from mergers and acquisitions only.  There is a high correlation to financials in Canada.  It is kind of like the weighting of the TSX.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$20.630
Owned Owned
Unknown

COMMENT

BMO Canadian High Dividend Covered Call (ZWC-T) or BMO Canadian Dividend (ZDV-T) for a TFSA? This is a broad based diversified fund that writes covered calls against the securities in the fund. It gives you the dividends plus the premiums from the options on top of that. Interest rates are probably going higher, but doesn’t expect it to happen this year. Wouldn’t be surprised to see a couple of hikes next year. He would be inclined to go with this one, because you’re getting 2 sources of income. You could actually own both and be fine.

E.T.F.'s

BMO Canadian High Dividend Covered Call (ZWC-T) or BMO Canadian Dividend (ZDV-T) for a TFSA? This is a broad based diversified fund that writes covered calls against the securities in the fund. It gives you the dividends plus the premiums from the options on top of that. Interest rates are probably going higher, but doesn’t expect it to happen this year. Wouldn’t be surprised to see a couple of hikes next year. He would be inclined to go with this one, because you’re getting 2 sources of income. You could actually own both and be fine.

E.T.F.'s
Richard Croft

President, R.N. Croft Financial...

Price Price
$19.540
Owned Owned
Unknown

COMMENT

A new product and is on the whole Canadian Index. Has a very high yield. Currently 6.2%. An attractive product.

E.T.F.'s

A new product and is on the whole Canadian Index. Has a very high yield. Currently 6.2%. An attractive product.

E.T.F.'s
John Hood

President , J. C Hood Investment...

Price Price
$19.820
Owned Owned
Unknown

BUY

BMO high dividend or BMO Europe high dividend? He loves these and uses them in his fund. When you want to play defence, a high dividend concentration in stocks, tend to have lower downside risk. If you do this with a Covered Call, you get an enhancement on your yield. This one has close to a 6% yield, not a bad way to play Canada.

E.T.F.'s

BMO high dividend or BMO Europe high dividend? He loves these and uses them in his fund. When you want to play defence, a high dividend concentration in stocks, tend to have lower downside risk. If you do this with a Covered Call, you get an enhancement on your yield. This one has close to a 6% yield, not a bad way to play Canada.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$20.020
Owned Owned
Yes

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