Vanguard FTSE Canada Index ETF (TSE:VCE) Reaches New 52-Week High – Here’s Why

Shares of Vanguard FTSE Canada Index ETF (TSE:VCE) hit a new 52-week high during trading on Wednesday . The company traded as high as C$71.75 and last traded at C$70.70, with a volume of 12971 shares traded. The stock had previously closed at C$70.98.

Vanguard FTSE Canada Index ETF Stock Up 1.6%

The stock has a 50 day simple moving average of C$69.25 and a two-hundred day simple moving average of C$65.71.

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.