(CDZ) iShares S&P/TSX Canadian - Ratings and Ratios

The iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) is a Canadian equity ETF that tracks the performance of dividend-paying stocks with a history of consistent dividend growth. It is designed to provide investors with a stable source of income and long-term capital appreciation.

CDZ achieves this by tracking the S&P/TSX Canadian Dividend Aristocrats Index, which comprises Canadian companies that have increased their dividend payouts for at least five consecutive years. The ETFs portfolio is diversified across various sectors, with a focus on established companies with a strong track record of dividend growth.

From a technical analysis perspective, CDZ has been exhibiting a bullish trend, with its short-term and long-term moving averages indicating a positive momentum. The ETFs price has been trading above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200), suggesting a strong uptrend. The Average True Range (ATR) indicates a relatively low volatility, which may appeal to income-seeking investors.

Using the available technical and fundamental data, a forecast for CDZ can be made. Given the current price of 37.09 CAD, the SMA20 at 36.99 CAD, and the SMA50 at 35.89 CAD, it is likely that CDZ will continue its upward trend. The 52-week high and low of 37.33 CAD and 30.07 CAD, respectively, suggest that the ETF is currently trading near its all-time high. With an AUM of 916.28M CAD, CDZ has a sizable presence in the Canadian ETF market. Assuming the current dividend-paying trend continues, and the underlying index remains healthy, CDZ may potentially reach 38.50 CAD in the near term, representing a 4% increase from its current price.

Its worth noting that the ETFs investment objective is to provide long-term capital appreciation and income, making it suitable for investors seeking stable returns. However, as with any investment, there are risks involved, and investors should carefully evaluate their individual financial goals and risk tolerance before investing in CDZ.