Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) Hits New 12-Month High – Time to Buy?

Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$77.50 and last traded at C$77.47, with a volume of 182738 shares changing hands. The stock had previously closed at C$76.95.

Vanguard FTSE Canadian High Dividend Yield Index ETF Trading Up 0.7%

The company has a fifty day moving average price of C$74.17 and a two-hundred day moving average price of C$68.55.

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.