BMO Aggregate Bond Index ETF (TSE:ZAG) Sets New 1-Year Low – What’s Next?

Shares of BMO Aggregate Bond Index ETF (TSE:ZAG) hit a new 52-week low during trading on Friday . The company traded as low as C$13.58 and last traded at C$13.58, with a volume of 113594 shares traded. The stock had previously closed at C$13.69.

BMO Aggregate Bond Index ETF Trading Down 0.8%

The company’s 50-day moving average price is C$13.71 and its 200 day moving average price is C$13.83.

BMO Aggregate Bond Index ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were issued a $0.038 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, March 30th.

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.