Vanguard FTSE Canada Index ETF (TSE:VCE) Stock Crosses Below 50-Day Moving Average – Here’s Why

Vanguard FTSE Canada Index ETF (TSE:VCE) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$77.40 and traded as low as C$76.90. Vanguard FTSE Canada Index ETF shares last traded at C$77.03, with a volume of 77,934 shares.

Vanguard FTSE Canada Index ETF Trading Down 0.9%

The firm’s fifty day simple moving average is C$77.40 and its two-hundred day simple moving average is C$74.28.

Vanguard FTSE Canada Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a dividend of $0.4137 per share. This is a positive change from Vanguard FTSE Canada Index ETF’s previous quarterly dividend of $0.4095. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 18th.

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.