BMO Aggregate Bond Index ETF (TSE:ZAG) Hits New 1-Year Low – What’s Next?

BMO Aggregate Bond Index ETF (TSE:ZAG) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$13.53 and last traded at C$13.54, with a volume of 50958 shares trading hands. The stock had previously closed at C$13.56.

BMO Aggregate Bond Index ETF Trading Up 0.1%

The stock’s fifty day moving average is C$13.72 and its 200-day moving average is C$13.76.

BMO Aggregate Bond Index ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, August 5th were paid a dividend of $0.039 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, July 30th.

BMO Aggregate Bond Index ETF Company Profile

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.