TSE:HDIF

8.47
0.08 (0.95%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Harvest Diversified Monthly Income ETF (HDIF-T) is a multi-sector ETF mainly comprised of large caps in sectors such as healthcare, technology, and utilities. It is considered a safer option during rough times with its defensive and diversified nature. The use of leverage and covered writing on a portion of the portfolio provides additional income. However, potential investors are cautioned against being solely lured by the yield and reminded to carefully consider their investment choices.

Consensus
Positive
Valuation
Fair Value
WEAK BUY

Multi-sector, comprised mainly of large caps. Healthcare, technology, utilities. Safer sectors during rough times. Includes leverage of 1.25, plus covered writing on 1/3 of the portfolio for income. This lets 2/3 of the portfolio ride along with the returns. Be careful of being hypnotized by the yield. Diversified, defensive, not a bad place to put some money.

0
RISKY
Niche category. Managers use a range of strategies to achieve fairly high income return of 10%. Launched only in February 2022. Uses call options and 25% leverage, which is not applied every day. Estimated MER is actually 94 bps, not the lower numbers reported online. Uses other ETFs as building blocks. Don't put your entire nest egg into it, the low cost ETFs are better, but OK for an investigatory position for someone who needs yield.
0
DON'T BUY
HDIV vs. HDIF HDIV will give you back part of the yield in the way of return of capital. The MER is a little high at 2.09%. So, will you get that much excess return. HDIF is shorter in its time frame. He can't decide which is better.
0
COMMENT
Not sure on his preference between the two. Part of HDIV's yield is ROC through covered calls. Management expense rate is a little high at 2.09. HDIF has equal weight gold, utilities, brand leaders, health leaders, etc. They are ETF's for income.
0
BUY
High yield can be a red flag. But here, it's because they do a covered call overwrite, which he likes. Proprietary option trading strategy generates this kind of return. Don't be dissuaded by the high yield. Also remember that US dividends are taxed accordingly. Look at it for a portion of your portfolio.
0
COMMENT
A fund of funds. Defensive, coupled with large-cap tech. Employs a small amount of leverage to get the distribution. Provides more diversity, with 100 underlying positions.
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Harvest Diversified Monthly Income ETF(HDIF-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Harvest Diversified Monthly Income ETF 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.

Harvest Diversified Monthly Income ETF(HDIF-T) Frequently Asked Questions

What is Harvest Diversified Monthly Income ETF stock symbol?

Harvest Diversified Monthly Income ETF is a Canadian stock, trading under the symbol HDIF-T on the Toronto Stock Exchange (HDIF-CT). It is usually referred to as TSX:HDIF or HDIF-T

Is Harvest Diversified Monthly Income ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about HDIF-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Harvest Diversified Monthly Income ETF.

Is Harvest Diversified Monthly Income ETF a good investment or a top pick?

Harvest Diversified Monthly Income ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Harvest Diversified Monthly Income ETF.

Why is Harvest Diversified Monthly Income ETF 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 Harvest Diversified Monthly Income ETF worth watching?

1 stock analyst on Stockchase covered Harvest Diversified Monthly Income ETF In the last year. It is a trending stock that is worth watching.

What is Harvest Diversified Monthly Income ETF stock price?

On 2024-07-25, Harvest Diversified Monthly Income ETF (HDIF-T) stock closed at a price of $8.47.