BMO Aggregate Bond Index ETF (TSE:ZAG) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

BMO Aggregate Bond Index ETF (TSE:ZAG)’s stock price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$13.44 and traded as low as C$13.43. BMO Aggregate Bond Index ETF shares last traded at C$13.43, with a volume of 518,900 shares changing hands.

BMO Aggregate Bond Index ETF Price Performance

The firm’s 50 day simple moving average is C$13.44 and its 200-day simple moving average is C$13.67.

BMO Aggregate Bond Index ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were paid a $0.0390 dividend. This represents a $0.47 annualized dividend 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.