BMO Covered Call Utilities ETF (ZWU.TO) Buy,…

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BMO Covered Call Utilities ETF (ZWU.TO)

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11.95

+0.03 (0.21%)

as of Jun 19, 2026, 7:53:03 pm Market Open.

251 watching

HOLD

Mostly defensive. In a rising, uptrending market, the names meander along sideways. Great for yield, however he prefers XEI. Enhanced yield of about 8.3%.

BUY ON WEAKNESS

Covered call utilities (will limit upside potential).
Good defensive name.

HOLD

Very strong yield that is attractive.
Currently paying ~8% which is incredible.
Won't see high share price appreciation.
Safe name for dividend seeking investors.
Better names for capital appreciation.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O’Reilly

We reiterate ZWU, an ETF holding utility, telecom and pipeline companies, which enhances distributions through the use of writing covered calls as a TOP PICK. A defensive portfolio of holdings with a good yield. Its holdings are about 2/3 Canadian and the rest US. We recommend maintaining the stop loss at $9.50, looking to achieve $14.75 – upside potential over 25%. Yield 8.45%

BUY

Conservative way to get exposure to utilities.
Good time to buy and owns shares.
Safe place for capital.

DON'T BUY

Holds pipelines and telcos, plus an overlay of 8.3% dividend. Lots of cash flow, but utilities won't be the best performer if the economy grows. For income, this is great, but not the best for a total return. Covered calls aren't good in rising markets.

BUY

Price not reflective of yield also included in shares. Yield seeker that will give 6-7% return. Less volatility than other dividend payers. Will include utilities and pipelines.

BUY

He has recommended this. When there's uncertainty over inflation, utilities are attractive given steady revenues. Selling covered calls adds income. This won't shoot the lights out, but won't shoot you in the foot. Solid for retirees. Most returns come from dividends, not capital appreciation.

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O’Reilly An ETF holding utility, telecom and pipeline companies, which enhances distributions through the use of writing covered calls. A defensive portfolio of holdings with a good yield. Its holdings are about 2/3 Canadian and the rest US. We recommend setting a stop loss at $9.50, looking to achieve $14.75 – upside potential of 30%. Yield 8.5%

BUY

If underlying stocks are cutting dividends, then ETF will fall. Not seeing dividends being cut anywhere. Would recommend for a defensive investment.

BUY

Great ETF that has exposure to utilities, telco's and pipelines. Dividend rate sensitive to inflation. High dividend yield at 7%. Basket of Canadian dividend paying companies. Would be good for a portion of the portfolio (not 100%).

COMMENT

What is the tax treatment of this, yield or capital gains? Yes, some will be capital gains, some dividends. Your tax slip will break down the tax categories.

BUY

Includes names in Canada and US. Dividend plus a premium. Pipeline names and telcos. Good ETF from someone who wants a high level of income, though not necessarily for growth. Yield about 7.6%.

BUY

A great strategy for low volatility investors. Any price below ~$12 is a good buying opportunity. High dividend yield, with low risk.

BUY

Great way to get lower volatility and lower risk exposure to markets. Recent weakness due to hit to energy markets. Like it a lot bellow $12.5. Good buying opportunity on this dip.

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BMO Covered Call Utilities ETF (ZWU.TO)