BMO Aggregate Bond Index ETF (TSE:ZAG) Trading Down 0.4% – Here’s What Happened

BMO Aggregate Bond Index ETF (TSE:ZAG)’s share price dropped 0.4% during mid-day trading on Tuesday . The stock traded as low as C$13.65 and last traded at C$13.66. Approximately 490,849 shares were traded during trading, a decline of 19% from the average daily volume of 607,721 shares. The stock had previously closed at C$13.71.

BMO Aggregate Bond Index ETF Trading Up 0.1%

The company’s fifty day moving average is C$13.71 and its 200-day moving average is C$13.83.

BMO Aggregate Bond Index ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were issued a dividend of $0.038 per share. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, March 30th.

About BMO Aggregate Bond Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an aggregate bond index, net of expenses. To achieve investment objective the investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities to obtain exposure to the performance of the Index.