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

BMO Aggregate Bond Index ETF (TSE:ZAG)’s share price 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 traded. The stock had previously closed at C$13.53.

BMO Aggregate Bond Index ETF Stock Down 0.1%

The firm’s 50 day moving average price is C$13.68 and its two-hundred day moving average price is C$13.74.

BMO Aggregate Bond Index ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be paid a $0.039 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend 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.