BMO Aggregate Bond Index ETF (TSE:ZAG) Stock Price Up 0.2% – Still a Buy?

BMO Aggregate Bond Index ETF (TSE:ZAG) shares rose 0.2% on Thursday . The stock traded as high as C$13.75 and last traded at C$13.74. Approximately 622,452 shares were traded during trading, an increase of 2% from the average daily volume of 612,893 shares. The stock had previously closed at C$13.71.

BMO Aggregate Bond Index ETF Price Performance

The firm has a 50-day moving average of C$13.86 and a 200-day moving average of C$13.89.

BMO Aggregate Bond Index ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd were given a dividend of $0.039 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 3.4%.

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.