Vanguard FTSE Canada Index ETF (TSE:VCE) Reaches New 1-Year High – Time to Buy?

Vanguard FTSE Canada Index ETF (TSE:VCE)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$76.70 and last traded at C$76.70, with a volume of 1322 shares. The stock had previously closed at C$75.58.

Vanguard FTSE Canada Index ETF Trading Up 0.8%

The firm has a fifty day moving average price of C$74.85 and a 200-day moving average price of C$72.21.

Vanguard FTSE Canada Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 26th were paid a dividend of $0.4095 per share. The ex-dividend date of this dividend 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.

About Vanguard FTSE Canada Index ETF

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.