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Bullboard - Stock Discussion Forum BMO Covered Call Utilities ETF T.ZWU

Alternate Symbol(s):  BMMVF

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use... see more

Bullboard (TSX:ZWU)

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Post by Marty47on Aug 02, 2024 2:16pm

Dow down 900 this it’s hold 10.7$

I had a good feeling to buy a lot of this etf between 9.45 and 10.2 in the last year , moved a lot my gainer to this etf , now getting a nice dividend and shares appreciations , back over 11 $ soon ...more  
191
Post by Marty47on Jul 24, 2024 9:09pm

At 4% interest rate we should be 11.20$

Base on recent interest cut at 4% we are getting close to 11.20$ and since the etf also have some USA exposure when the fed will start cutting we will get close to 11.70$ with a 0.5% cut a lot of ...more  
267
Post by Panic54321on Jul 12, 2024 9:28am

Back above the 200 day!

There has been a nice base in this ETF.. looks like more rates cuts to come.. Broke 200 day moving avg. again looking good all around !! 
105
Comment by Marty47on Jun 04, 2024 9:31pm

RE:Finally breaking the 200 day moving avg.

Y'a been buying between 9.45$ and 10.2$ I'm now over 20k shares .....as interest go down we will be over 11$ soon , I just hold utilities will do well in this climate change stuff 
113
Discussion
Post by Panic54321on May 08, 2024 6:07pm

Finally breaking the 200 day moving avg.

This has been long time coming it broke the 200 in Oct. 2022.  ( it's been a dog since then )   this is completely interest rate sensitive area as interest rates come down. It ...more  
285
Discussion
Comment by DeanEdmontonon Apr 29, 2024 1:34am

RE:RE:RE:How sustainable is this dividend?

Franman - can you not read. Yes the underlying companies pay 5%, the fact ZWU is returning over 70% of their payout as a return of your own money means they are losing their azz on the covered call ...more  
258
Discussion
Comment by Franman184on Apr 16, 2024 12:44pm

RE:RE:How sustainable is this dividend?

The underlying companies pay about 5 percent and the extra income comes from the covered call. If we have volitiltiy the covered call showed be good as well. Should the underlying companies go up in ...more  
188
Discussion
Comment by DeanEdmontonon Apr 14, 2024 2:04pm

RE:How sustainable is this dividend?

Just checked, for 2023. Copy and paste from a Buddy of mine's T3. It is actually a lot more than 50%, it is 74%. 2023 T3 slip (original) from BMO COVERED CALL CANADIAN BANKS ETF Box number Box ...more  
192
Discussion
Comment by DeanEdmontonon Apr 14, 2024 1:39pm

RE:How sustainable is this dividend?

Mbuch - Take a Look at the composition of this dividend, 50% is return of capital. That is your oen money, not really a dividend. They can keep the dividend here indefinitely by continuing to raise ...more  
156
Discussion
Comment by Panic54321on Apr 11, 2024 10:24am

RE:How sustainable is this dividend?

The dividend on this can fluctuate, but it won't fluctuate a crazy amount.  It can go up and down with the market and the underlining securities that it holds.  It depends on the ...more  
164
Discussion
Post by mbuchon Apr 10, 2024 11:46am

How sustainable is this dividend?

Seems to be to high for too long in my opinion.  But am still considering adding some more shares. Should I wait to see if it gets cut and wait for the dip in share price?  
157
Discussion
Comment by saddlerackon Jan 03, 2024 12:59pm

RE:Special Distribution???

It was an error and has now been reversed :(
103
Discussion
Post by saddlerackon Jan 03, 2024 12:12pm

Special Distribution???

I hold ZWU in 3 accounts with TD.  This morning I noticed that the distribution payed for December was 10 X what it should be.  I can't find any news of a special distriubtion.  Is ...more  
248
Discussion
Comment by Puma1backon Dec 29, 2023 8:36am

RE:RE:RE:Calls exercised?

it was the 13th - excerpt from the Globe:   CIBC World Markets is the latest research team to release their 2024 outlook, “Particularly impressive this past year was the ability of ...more  
264
Discussion
Comment by Puma1backon Dec 19, 2023 9:13am

RE:RE:Calls exercised?

Anyway, this ETF got put in the  Top 10 ETF's for 2024 in the Globe.   
206
Discussion
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