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BMO Covered Call Utilities ETF (ZWU-T) opinion on 2017-03-20

Last Price Recorded: 14.0100 on 2017-11-23

ON STOCKCHASE SINCE Dec 2011

E.T.F.'s
COMMENT

Larry Berman CFA, CMT, CTA
BMO Covered Call Utilities ETF was $13.930 at time of opinion
Owned : Unknown

What is the downside risk? This has 80% pipelines, telcos, utilities in Canada and 20% in the US. Generally utilities, telcos and pipelines are big dividend players. This is yielding about 7%, a very nice yield, but extremely interest rate sensitive. In 2013, when the US Federal Reserve was first talking about raising rates, we had the taper tantrum. This ETF went down pretty hard, but then came back up when the Fed backed off. In 2015, there was a big drop because of pipelines, when oil prices were coming down. You have to understand what you are holding.

UNKNOWN

All opinions for ZWU-T (65)

21 BUY
5 BUY on WEAKNESS
22 COMMENT
5 DON'T BUY
3 HOLD
2 PAST TOP PICK
3 TOP PICK
2 WAIT
1 WATCH
1 WEAK BUY
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All opinions for ZWU-T (65)

21 BUY
5 BUY on WEAKNESS
22 COMMENT
5 DON'T BUY
3 HOLD
2 PAST TOP PICK
3 TOP PICK
2 WAIT
1 WATCH
1 WEAK BUY
View All

More experts covering ZWU-T

SAVE
Add ZWU-T to Watch List

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