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 derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.

TSX:ZWU - Post by User

BMO Covered Call Utilities ETF > Finally breaking the 200 day moving avg.

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Post by Panic54321on May 08, 2024 6:07pm

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Post# 36029889

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 will do better.. ( I believe it has finally bottomed..... and finally some upside ... )

good solid companies in this etf. long term div. Income.

May take some patience still ...

Use the drip ... unless you need the income ..

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