BMO Canadian Dividend ETF (TSE:ZDV) Shares Down 0.1% – Here’s Why

Shares of BMO Canadian Dividend ETF (TSE:ZDV) dropped 0.1% on Friday . The company traded as low as C$33.15 and last traded at C$33.30. Approximately 6,577 shares changed hands during trading, a decline of 87% from the average session volume of 52,350 shares. The stock had previously closed at C$33.32.

BMO Canadian Dividend ETF Price Performance

The firm’s fifty day moving average price is C$33.28 and its 200-day moving average price is C$31.87.

BMO Canadian Dividend ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.7%.

BMO Canadian Dividend ETF Company Profile

The ETF seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. 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 held in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF to obtain exposure to the performance of the Index.