Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) Trading 1.2% Higher – Should You Buy?

Shares of Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) shot up 1.2% during trading on Tuesday . The company traded as high as C$77.19 and last traded at C$77.12. 227,130 shares were traded during trading, a decline of 8% from the average daily volume of 247,865 shares. The stock had previously closed at C$76.22.

Vanguard FTSE Canadian High Dividend Yield Index ETF Price Performance

The company’s 50-day simple moving average is C$73.73 and its two-hundred day simple moving average is C$68.27.

About Vanguard FTSE Canadian High Dividend Yield Index ETF

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.