BMO Aggregate Bond Index ETF (TSE:ZAG) Stock Price Up 0.4% – Still a Buy?

BMO Aggregate Bond Index ETF (TSE:ZAG) shot up 0.4% on Tuesday. The stock traded as high as C$13.45 and last traded at C$13.42. 286,117 shares were traded during trading, a decline of 49% from the average daily volume of 560,678 shares. The stock had previously closed at C$13.37.

BMO Aggregate Bond Index ETF Price Performance

The stock’s 50-day moving average price is C$13.46 and its two-hundred day moving average price is C$13.64.

BMO Aggregate Bond Index ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a $0.0390 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.47 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.