Vanguard FTSE Canada Index ETF (TSE:VCE) Shares Down 1.2% – Here’s What Happened

Shares of Vanguard FTSE Canada Index ETF (TSE:VCE) dropped 1.2% during trading on Thursday . The company traded as low as C$67.99 and last traded at C$68.47. Approximately 40,428 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 40,992 shares. The stock had previously closed at C$69.30.

Vanguard FTSE Canada Index ETF Trading Down 1.2%

The stock’s 50-day moving average is C$70.56 and its two-hundred day moving average is C$67.53.

Vanguard FTSE Canada Index ETF Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.3773 per share. The ex-dividend date is Friday, March 20th. This represents a $1.51 dividend on an annualized basis and a yield of 2.2%.

About Vanguard FTSE Canada Index ETF

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.