Vanguard FTSE Canada Index ETF (TSE:VCE) Trading Down 0.9% – Here’s Why

Shares of Vanguard FTSE Canada Index ETF (TSE:VCE) dropped 0.9% during trading on Wednesday . The company traded as low as C$74.66 and last traded at C$75.26. Approximately 40,366 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 35,892 shares. The stock had previously closed at C$75.97.

Vanguard FTSE Canada Index ETF Trading Down 0.9%

The company has a fifty day moving average price of C$74.18 and a 200 day moving average price of C$71.75.

Vanguard FTSE Canada Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were given a dividend of $0.4095 per share. The ex-dividend date was Friday, June 19th. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. This is an increase 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.