TSE:GLCC
Horizons Gold Producer Equity Covered Call ETF (GLCC-T)
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Apr 9, 2025, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Horizons Gold Producer Equity Covered Call ETF (GLCC-T) presents an intriguing investment opportunity due to its favorable combination of gold exposure and covered call strategies. Experts highlight that gold serves as a hedge against inflation and diversifies investment portfolios, making it particularly appealing in volatile markets. The ETF's strategy allows investors to benefit from income generation through covered calls, which is a notable advantage since gold stocks typically do not pay dividends. As gold prices have been on the rise, this ETF not only captures potential appreciation in gold value but also provides a consistent income stream, catering to investors seeking both growth and income in their portfolios.
A covered call ETF. Its total distribution yield, which is double digits, is coming from a covered call, option-writing overlay. Important to consider your demand for yield -- do you really need it? Moves in lock-step with XGD but, over time, GLCC will give you less growth. Your capital erodes over the long term.
Perfect short-term play for income needs. For the long term, he'd prefer a non-covered-call strategy like XGD.
MER is 0.81%, assets $255M, indicated yield 10.78%, one year return -12%.
As a covered call gold fund, we have no issues with its set up nor its security positions (typical large cap names). For a gold sector investor wanting enhanced income, w think it is fine.
Our main comment is on the potential for gold. When the gold sector 'runs' it tends to do very well.
We think that a covered call fund is not the best choice for gold investors, as it can limit upside potential during bull markets.
But, for those only interested mainly in income and are willing to give up some potential in exchange for this higher income, we would consider it fine.
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Horizons Gold Producer Equity Covered Call ETF(GLCC-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
Horizons Gold Producer Equity Covered Call ETF(GLCC-T) Frequently Asked Questions
What is Horizons Gold Producer Equity Covered Call ETF stock symbol?
Horizons Gold Producer Equity Covered Call ETF is a Canadian stock, trading under the symbol GLCC-T on the Toronto Stock Exchange (GLCC-CT). It is usually referred to as TSX:GLCC or GLCC-T
Is Horizons Gold Producer Equity Covered Call ETF a buy or a sell?
In the last year, 3 stock analysts published opinions about GLCC-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Horizons Gold Producer Equity Covered Call ETF.
Is Horizons Gold Producer Equity Covered Call ETF a good investment or a top pick?
Horizons Gold Producer Equity Covered Call ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons Gold Producer Equity Covered Call ETF.
Why is Horizons Gold Producer Equity Covered Call 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 Horizons Gold Producer Equity Covered Call ETF worth watching?
3 stock analysts on Stockchase covered Horizons Gold Producer Equity Covered Call ETF In the last year. It is a trending stock that is worth watching.
What is Horizons Gold Producer Equity Covered Call ETF stock price?
On 2025-06-30, Horizons Gold Producer Equity Covered Call ETF (GLCC-T) stock closed at a price of $36.01.
Gold exposure and covered calls are a good combination. Gold is a little volatile, but will add income. Gold is a hedge against inflation and a diversifyer. Gold has been on a tear.