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 Feb, 16, 2019, 5:27 am

18.85 0.12 (0.64%)

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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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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

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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.

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

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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.  

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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
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0 comments
John Hood

President , J. C Hood Investment...

Price Price
$18.870
Owned Owned
Yes

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