Vanguard FTSE Canada Index ETF (TSE:VCE) Reaches New 12-Month High – Should You Buy?

Vanguard FTSE Canada Index ETF (TSE:VCE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$77.06 and last traded at C$76.98, with a volume of 9744 shares traded. The stock had previously closed at C$76.82.

Vanguard FTSE Canada Index ETF Stock Up 0.5%

The firm’s fifty day moving average is C$75.14 and its 200-day moving average is C$72.42.

Vanguard FTSE Canada Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were given a $0.4095 dividend. The ex-dividend date was Friday, June 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Vanguard FTSE Canada Index ETF’s previous quarterly dividend of $0.38.

Vanguard FTSE Canada Index ETF Company Profile

The investment objective of Vanguard FTSE Canada Index ETF (the ETF) is to track, to the extent reasonably possible and before fees and expenses, the performance of FTSE Canada Domestic Index (the Index). The Index is a market capitalization-weighted index representing the performance of Canadian large- and mid-capitalization stocks. To achieve its investment objective, the ETF employs a passive management, or indexing, investment approach designed to track the performance of the Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.