BMO Aggregate Bond Index ETF (TSE:ZAG) Sets New 12-Month Low – Here’s Why

BMO Aggregate Bond Index ETF (TSE:ZAG)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as C$13.58 and last traded at C$13.58, with a volume of 113594 shares traded. The stock had previously closed at C$13.69.

BMO Aggregate Bond Index ETF Stock Performance

The firm has a 50-day moving average price of C$13.71 and a 200 day moving average price of C$13.83.

BMO Aggregate Bond Index ETF Cuts Dividend

The company 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) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, March 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.