BMO Aggregate Bond Index ETF (TSE:ZAG) Sets New 52-Week 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 company 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 Price Performance

The company has a 50 day moving average price of C$13.69 and a 200 day moving average price of 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. Investors of record on Wednesday, September 2nd will be given a $0.039 dividend. The ex-dividend date of this dividend is 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.