Vanguard FTSE Canada Index ETF (TSE:VCE) Hits New 52-Week High – Time to Buy?

Shares of Vanguard FTSE Canada Index ETF (TSE:VCE) reached a new 52-week high during trading on Monday . The stock traded as high as C$79.30 and last traded at C$79.30, with a volume of 8129 shares. The stock had previously closed at C$79.10.

Vanguard FTSE Canada Index ETF Stock Down 0.7%

The stock’s fifty day moving average is C$76.31 and its 200-day moving average is C$73.28.

Vanguard FTSE Canada Index ETF Increases Dividend

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

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.