Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) Reaches New 1-Year High – Here’s Why

Shares of Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$67.10 and last traded at C$66.50, with a volume of 305000 shares changing hands. The stock had previously closed at C$66.65.

Vanguard FTSE Canadian High Dividend Yield Index ETF Stock Performance

The company has a 50 day simple moving average of C$63.62 and a 200 day simple moving average of C$59.81.

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.