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

ON STOCKCHASE SINCE Mar 2017

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BMO Canadian High Dividen...

ZWC-T

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BMO Canadian High Dividend Covered Call ETF (ZWC-T) SAVE Apr, 23, 2019, 6:14 pm

19.76 0.05 (0.25%)

What the experts are saying about ZWC-T



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COMMENT
ZWC-T & ZWU-T. He loves ZWU-T as a defensive holding. ZWC-T is a broad TSX with a covered call overlay to enhance yields. Canada should underperform the world for a long time as a quarter of the index is the banks. The best two growth areas in the world for a couple of decades are healthcare and technology. These two ETFs would overweight Canada if they were your whole portfolio. ZWE-T and ZWS-T are preferable to include in a portfolio.
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ZWC-T & ZWU-T. He loves ZWU-T as a defensive holding. ZWC-T is a broad TSX with a covered call overlay to enhance yields. Canada should underperform the world for a long time as a quarter of the index is the banks. The best two growth areas in the world for a couple of decades are healthcare and technology. These two ETFs would overweight Canada if they were your whole portfolio. ZWE-T and ZWS-T are preferable to include in a portfolio.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.430
Owned Owned
Unknown

COMMENT
Broad exposure to the best dividend payers in Canada. It is a great sector but he thinks we are going into a global slowdown. The resistance level is problem well below the January lows. $16 is probably the bottom. ZWU-T would probably perform a little bit better.
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Broad exposure to the best dividend payers in Canada. It is a great sector but he thinks we are going into a global slowdown. The resistance level is problem well below the January lows. $16 is probably the bottom. ZWU-T would probably perform a little bit better.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.130
Owned Owned
Unknown

PARTIAL BUY
A popular ETF that gives the double-whammy of Canadian dividend stocks and writes call options on them. It's tax-efficient in a non-dividend account. It pays over a 6% yield. But this charges 72 basis points and has a covered call overlay, so you won't participate as much in a market move upwards. So, limit your investment here.
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A popular ETF that gives the double-whammy of Canadian dividend stocks and writes call options on them. It's tax-efficient in a non-dividend account. It pays over a 6% yield. But this charges 72 basis points and has a covered call overlay, so you won't participate as much in a market move upwards. So, limit your investment here.
E.T.F.'s
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Daniel Straus

Head of ET, National Bank Financ...

Price Price
$19.170
Owned Owned
Unknown

WATCH
If markets were down 5% he would make a bigger allocation to this. You need to buy low and sell high. Once the market is down they are still writing calls. If the market then snaps back this one should underperform. Add to it after the markets have a good month.
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If markets were down 5% he would make a bigger allocation to this. You need to buy low and sell high. Once the market is down they are still writing calls. If the market then snaps back this one should underperform. Add to it after the markets have a good month.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$17.590
Owned Owned
Unknown

COMMENT
ZDV vs. ZWC Both have similar stocks in them. If they're high-paying, quality stocks, the yield will support the stock price. When you write covered calls, BMO would be paying part of the dividend stocks on. Normally, a high-dividend stock is not so volatile.
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ZDV vs. ZWC Both have similar stocks in them. If they're high-paying, quality stocks, the yield will support the stock price. When you write covered calls, BMO would be paying part of the dividend stocks on. Normally, a high-dividend stock is not so volatile.
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Richard Croft

President, R.N. Croft Financial...

Price Price
$17.510
Owned Owned
Unknown

BUY
This is a defensive to hold/buy for the next 12 months. High-dividend payers are in this ETF, and those stocks (i.e. BCE, Enbridge) are holding on well in this market. Yields are supporting their prices.
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This is a defensive to hold/buy for the next 12 months. High-dividend payers are in this ETF, and those stocks (i.e. BCE, Enbridge) are holding on well in this market. Yields are supporting their prices.
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Richard Croft

President, R.N. Croft Financial...

Price Price
$17.510
Owned Owned
Unknown

PARTIAL SELL
Moving to a Non-Covered Call version. The ultimate bottom/bottom is not in. If you are long term strategic, you stick with the covered call overlays. He'd be okay making a switch today.
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Moving to a Non-Covered Call version. The ultimate bottom/bottom is not in. If you are long term strategic, you stick with the covered call overlays. He'd be okay making a switch today.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$17.910
Owned Owned
Unknown

DON'T BUY
Everyone loves the extra income from the covered calls. Remember that it will face all the market downside and cuts off the top on rallies. Be aware of a steep decline in the market as it will not participate as the market recovers, due to all the calls it has written on the way down. You end up giving away your winners and holding your losers.
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Everyone loves the extra income from the covered calls. Remember that it will face all the market downside and cuts off the top on rallies. Be aware of a steep decline in the market as it will not participate as the market recovers, due to all the calls it has written on the way down. You end up giving away your winners and holding your losers.
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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$18.380
Owned Owned
No

COMMENT
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.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$18.440
Owned Owned
Unknown

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.

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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.

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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.

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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.

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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
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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
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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
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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
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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
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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
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0 comments
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
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0 comments

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
0 0 0 0 0
0 comments
Stan Wong

Director &, Private Wealth Manag...

Price Price
$19.510
Owned Owned
No

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