Vanguard FTSE Canada Index ETF (TSE:VCE) Reaches New 12-Month High – What’s Next?

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

Vanguard FTSE Canada Index ETF Stock Performance

The stock has a 50-day moving average price of C$74.98 and a two-hundred day moving average price of C$72.32.

Vanguard FTSE Canada Index ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 26th were paid a dividend of $0.4095 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, June 19th. This is a positive change 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.