Vanguard FTSE Canada Index ETF (TSE:VCE) Sets New 52-Week High – Here’s Why

Vanguard FTSE Canada Index ETF (TSE:VCE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$78.43 and last traded at C$78.23, with a volume of 2924 shares. The stock had previously closed at C$77.24.

Vanguard FTSE Canada Index ETF Stock Performance

The stock has a 50-day moving average of C$75.48 and a 200-day moving average of C$72.70.

Vanguard FTSE Canada Index ETF Increases Dividend

The business also recently announced 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 a boost from Vanguard FTSE Canada Index ETF’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 19th.

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.