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 hit a new 52-week low during trading on Tuesday . The stock traded as low as C$13.46 and last traded at C$13.47, with a volume of 303824 shares. The stock had previously closed at C$13.50.

BMO Aggregate Bond Index ETF Trading Down 0.2%

The company has a 50-day moving average of C$13.64 and a 200-day moving average of C$13.72.

BMO Aggregate Bond Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were issued a dividend of $0.039 per share. The ex-dividend date was Friday, August 28th. This represents a c) annualized dividend and a yield of 3.5%.

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.