BMO Aggregate Bond Index ETF (TSE:ZAG) Trading Down 0.1% – What’s Next?

BMO Aggregate Bond Index ETF (TSE:ZAG)’s stock price dropped 0.1% on Thursday . The stock traded as low as C$13.79 and last traded at C$13.82. Approximately 439,034 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 593,585 shares. The stock had previously closed at C$13.83.

BMO Aggregate Bond Index ETF Trading Up 0.1%

The stock’s fifty day moving average is C$13.88 and its two-hundred day moving average is C$13.85.

BMO Aggregate Bond Index ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, November 26th. This represents a c) annualized dividend and a dividend 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.