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

Vanguard FTSE Canada Index ETF (TSE:VCE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$78.69 and last traded at C$78.56, with a volume of 34903 shares trading hands. The stock had previously closed at C$78.33.

Vanguard FTSE Canada Index ETF Price Performance

The business has a 50-day simple moving average of C$75.96 and a 200-day simple moving average of C$73.04.

Vanguard FTSE Canada Index ETF Increases Dividend

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

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.