BMO Aggregate Bond Index ETF (TSE:ZAG) Trading Down 0.4% – Should You Sell?

BMO Aggregate Bond Index ETF (TSE:ZAG)’s share price traded down 0.4% on Tuesday . The stock traded as low as C$13.65 and last traded at C$13.66. 490,849 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 607,721 shares. The stock had previously closed at C$13.71.

BMO Aggregate Bond Index ETF Trading Down 0.4%

The company has a fifty day moving average of C$13.72 and a 200-day moving average of C$13.84.

BMO Aggregate Bond Index ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were paid a $0.038 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, March 30th.

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.