BMO Canadian High Dividend Covered Call ETF | StockChase
9
BMO Canadian High Dividend Covered Call ETF (ZWC-T)

Last Price Recorded: $19.5100 on 2018-05-26

ON STOCKCHASE SINCE Mar 2017

E.T.F.'s
9
BMO Canadian High Dividend Covered Call ETF (ZWC-T)

Last Price Recorded: $19.5100 on 2018-05-26

ON STOCKCHASE SINCE Mar 2017

E.T.F.'s

BMO Canadian High Dividend Covered Call ETF


Signal Opinion Expert
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 & Portfolio Manager, Private Wealth Manag...

PricePrice
$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

President, Jov Investment Manag...

PricePrice
$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 CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$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 & Portfolio Manager, J. C Hood Investment...

PricePrice
$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

President, Jov Investment Manag...

PricePrice
$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 CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$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...

PricePrice
$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 & Portfolio Manager, J. C Hood Investment...

PricePrice
$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 CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$20.020
Owned Owned
Yes

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