BMO Aggregate Bond Index ETF (TSE:ZAG) Shares Down 0.3% – Here’s Why

BMO Aggregate Bond Index ETF (TSE:ZAG)’s share price dropped 0.3% on Thursday . The stock traded as low as C$13.80 and last traded at C$13.82. Approximately 1,055,836 shares were traded during trading, an increase of 84% from the average daily volume of 572,664 shares. The stock had previously closed at C$13.86.

BMO Aggregate Bond Index ETF Stock Down 0.3%

The company’s 50 day moving average is C$13.84 and its 200-day moving average is C$13.85.

BMO Aggregate Bond Index ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were given a $0.04 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, November 26th.

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.