BMO Aggregate Bond Index ETF (TSE:ZAG) Stock Price Up 0.4% – Still a Buy?

Shares of BMO Aggregate Bond Index ETF (TSE:ZAG) rose 0.4% during mid-day trading on Tuesday. The stock traded as high as C$13.45 and last traded at C$13.42. 286,117 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 560,678 shares. The stock had previously closed at C$13.37.

BMO Aggregate Bond Index ETF Price Performance

The business has a 50-day moving average of C$13.46 and a 200 day moving average of C$13.64.

BMO Aggregate Bond Index ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.0390 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 28th.

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.