(CDIV) Manulife Smart Dividend - Ratings and Ratios

The Manulife Smart Dividend ETF (CDIV) is a Canadian equity exchange-traded fund that focuses on dividend-paying stocks, aiming to provide investors with a regular income stream. As a dividend-centric ETF, it is designed to track the Morningstar Canada GR CAD Index, which comprises a diversified portfolio of Canadian dividend-paying equities.

By leveraging the expertise of Manulife Investment Management, the fund is managed to optimize returns while minimizing risk. The ETFs investment strategy is centered around selecting high-quality dividend-paying stocks, which are typically characterized by their stability, financial health, and ability to sustain dividend payments over time.

Analyzing the funds technical data, we observe that CDIV has demonstrated a strong upward trend, with its last price of $16.00 exceeding both its 20-day and 50-day simple moving averages (SMA20: $15.99, SMA50: $15.49). This indicates a positive momentum, suggesting that the ETF is likely to continue its upward trajectory. Furthermore, the Average True Range (ATR) of 0.09 (0.56%) implies relatively low volatility, making it an attractive option for risk-averse investors seeking stable returns.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at $644.28 million CAD, indicating a moderate level of investor interest. As the ETF continues to grow, it is likely to attract more investors seeking exposure to Canadian dividend-paying stocks.

Based on the technical and fundamental data, our forecast suggests that CDIV is poised for further growth, potentially reaching $17.00 in the near term. This projection is supported by the ETFs strong momentum, low volatility, and the overall attractiveness of dividend-paying stocks in the current market environment. As the fund continues to track the Morningstar Canada GR CAD Index, we expect it to maintain its position as a reliable source of dividend income for investors.