BMO Aggregate Bond Index ETF (TSE:ZAG) Stock Price Down 0.4% – Here’s What Happened

BMO Aggregate Bond Index ETF (TSE:ZAG) was down 0.4% during mid-day trading on Tuesday. The stock traded as low as C$13.55 and last traded at C$13.56. 308,980 shares were traded during trading, a decline of 44% from the average session volume of 552,827 shares. The stock had previously closed at C$13.61.

BMO Aggregate Bond Index ETF Stock Performance

The company has a 50-day simple moving average of C$13.44 and a 200-day simple moving average of C$13.67.

BMO Aggregate Bond Index ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a $0.0390 dividend. The ex-dividend date was Friday, August 28th. This represents a $0.47 dividend on an annualized basis and a dividend 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.