Vanguard FTSE Canada Index ETF (TSE:VCE) Hits New 1-Year High – Still a Buy?

Shares of Vanguard FTSE Canada Index ETF (TSE:VCE) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$73.60 and last traded at C$73.57, with a volume of 9842 shares changing hands. The stock had previously closed at C$73.46.

Vanguard FTSE Canada Index ETF Price Performance

The business has a 50-day simple moving average of C$70.87 and a 200-day simple moving average of C$68.64.

Vanguard FTSE Canada Index ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were given a $0.3773 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.51 dividend on an annualized basis and a yield of 2.1%.

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.