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BMO Covered Call Utilities ETF Stock Symbol: ZWU-T

Last Price Recorded: 15.3500 on 2014-04-21 01:15:07

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Date Signal Expert Opinion Price
2014-04-07 COMMENT Larry Berman CFA, CMT, CTA

Telcos and pipelines.  Some US utility exposure and a covered call overlay.  Telcos are about 15%. 


Price:
$15.170
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-03-05 BUY Michael Bowman

Covered calls work where a stock doesn’t move much, so this is a great opportunity for covered calls. 


Price:
$14.870
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
SELECTIVE
Owned:
Unknown
2013-12-13 BUY John Hood

Likes this because it is a Covered Call situation. Utilities did get beaten up. This is something that he would like to have as part of his income side of a portfolio. Yield of 6.25%.


Price:
$14.080
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2013-11-25 HOLD Larry Berman CFA, CMT, CTA

It is down because when Fed started talking about tapering, everything interest sensitive went down.  It had nothing to do with covered call strategy.  6.5% yield.


Price:
$14.420
Subject:
TECHNICAL INVESTING and OPTION STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2013-10-10 COMMENT Richard Croft

A covered call ETF on utility stocks. Has not done particularly well because utility companies tend to be interest-rate sensitive. As interest rates rise, a lot of the utility companies tend to go down because they tend to be supported by the dividend. Yield of 6.32%.


Price:
$13.910
Subject:
OPTIONS & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2013-09-09 COMMENT John DeGoey

This is good for a senior because utilities tend to be low volatility. The Covered Call provides income. As discussed in previous shows, the upside is taken away somewhat by the risk of being called away. But, the downside is also muted because you are getting the income from writing the Call Options, even if the underlying security is dropped.


Price:
$13.830
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2013-08-30 BUY John Hood

Utility sector is very susceptible to increases in interest rates. Likes this and the covered call layover on this. Would not Buy the street utilities ETF. Don’t have this is a huge part of your portfolio but keep it to something like 5%. Good yield of around 5.5%-6%.


Price:
$13.790
Subject:
OPTIONS & ETFs
Bias:
BULLISH on US$
Owned:
Unknown
2013-08-26 HOLD Mike S. Newton, CIM FCSI

Down about 15-20% over the last little while.  Has been shying away from covered call strategies.  He would hold.  6.7% yield. 


Price:
$13.790
Subject:
NORTH AMERICAN & ETFs
Bias:
SELECTIVE
Owned:
No
2013-08-14 COMMENT Michael Bowman

Covered Calls work great in trendless markets. This one pays about 6.8% yield. Comparing this to the ZUT-T (not a Covered Call utility) this has probably done marginally better. If you think the market is going to be trendless, this is a way to go. Otherwise, you just buy the utilities and forget the Call.


Price:
$13.910
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
Unknown
2013-08-12 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

Likes it. Normalization of interest rates since May has hurt this stock.  Also they own Telcos which are under pressure because of Verizon.  6% yield. 


Price:
$14.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2013-08-12 HOLD David Cockfield

6% yield is what he bought it for.  He would tend to go with the financials.  The problem with the covered call ETF is that if you bought 3 of the banks, you would probably have done better so he sticks with the banks, rather than this ETF.  Over the last 3 years banks have been sideways but dividends increased.  Would prefer financials over real estate.


Price:
$14.000
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2013-07-19 BUY David Cockfield

REITs or utilities for a long-term investor? He is more inclined towards utilities. Have been getting beaten up lately but thinks it was overdone. He likes BMO Covered Call Utilities ETF (ZWU-T) which provides a pretty decent yield and good diversification. The problem with REITs is that there was so much interest in them earlier in the year that they got quite overpriced. Also REITs are probably more interest sensitive.


Price:
$14.340
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Unknown
2013-07-04 BUY John DeGoey

These have Call options on Canadian utilities so you are more or less getting the performance of the utilities but you are also getting the income from the Call options on them. Good conservative thing to hold but he wouldn’t put a whole lot of your portfolio in this. 20% would be quite fine.


Price:
$14.140
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2013-06-10 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

Utilities tend to have higher debt load so if interest rates go up they tend to underperform.  This has 20% US utilities.  Around the 14.50 area he has been buying it.


Price:
$14.580
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2013-06-07 TOP PICK David Cockfield

Has sold off quite smartly. A pretty broad utility index. Good yield at 6%. Also, they are writing covered calls.


Price:
$14.510
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
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