Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) Sets New 1-Year High – Should You Buy?

Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) reached a new 52-week high on Monday . The stock traded as high as C$61.83 and last traded at C$61.81, with a volume of 73712 shares trading hands. The stock had previously closed at C$61.57.

Vanguard FTSE Canadian High Dividend Yield Index ETF Stock Performance

The business has a 50-day moving average of C$59.57 and a two-hundred day moving average of C$56.14.

Vanguard FTSE Canadian High Dividend Yield Index ETF Company Profile

The investment objective of Vanguard FTSE Canadian High Dividend Yield Index ETF (the ETF) is to track, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Canada High Dividend Yield Index (the Index or the Benchmark). The Index is a market capitalization-weighted index that is focused on dividend income. Index constituents are selected from the FTSE Canada All Cap Index. 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.