BMO Aggregate Bond Index ETF (TSE:ZAG) Hits New 12-Month Low – Should You Sell?

BMO Aggregate Bond Index ETF (TSE:ZAG) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$13.51 and last traded at C$13.51, with a volume of 91757 shares. The stock had previously closed at C$13.53.

BMO Aggregate Bond Index ETF Stock Down 0.2%

The business has a 50 day moving average price of C$13.69 and a two-hundred day moving average price of C$13.74.

BMO Aggregate Bond Index ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.039 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, August 28th.

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.