BMO Aggregate Bond Index ETF (TSE:ZAG) Hits New 52-Week Low – Here’s What Happened

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

BMO Aggregate Bond Index ETF Stock Performance

The stock’s 50 day moving average is C$13.71 and its two-hundred day moving average is C$13.83.

BMO Aggregate Bond Index ETF Cuts Dividend

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

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.