BMO Aggregate Bond Index ETF (TSE:ZAG) Hits New 12-Month Low – What’s Next?

BMO Aggregate Bond Index ETF (TSE:ZAG)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$13.34 and last traded at C$13.35, with a volume of 34273 shares changing hands. The stock had previously closed at C$13.35.

BMO Aggregate Bond Index ETF Price Performance

The firm’s 50-day moving average price is C$13.61 and its two-hundred day moving average price is C$13.71.

BMO Aggregate Bond Index ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a $0.039 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.