(DGRC) CI Canada Quality Dividend - Ratings and Ratios

The CI Canada Quality Dividend Growth Index ETF (Ticker: DGRC) is a Canadian exchange-traded fund designed to provide exposure to high-quality Canadian dividend-paying equities. The fund tracks the Morningstar Canada GR CAD Index, focusing on companies with a history of dividend growth and strong financial health. DGRC aims to deliver a combination of dividend income and capital appreciation, appealing to income-focused investors seeking stability in the Canadian market.

From a technical perspective, DGRC has shown resilience with its price trends. The ETFs 20-day average volume is 3,350 shares, indicating moderate trading activity. Its last price of $39.44 is slightly above its 20-day SMA of $38.38 and 50-day SMA of $39.26, suggesting short-term bullish momentum. The 200-day SMA of $39.09 further supports the upward trend, indicating long-term stability. The ATR of 0.61 reflects relatively low volatility, making it a less risky option for conservative investors.

Fundamentally, DGRC manages substantial assets under management (AUM) of $881.65M CAD, demonstrating investor confidence in its strategy. The funds portfolio is diversified across Canadian equities, with a focus on sectors known for dividend consistency. This includes financials, utilities, and consumer staples. The ETFs structure ensures exposure to established companies with strong dividend track records, aligning with its objective of sustainable income generation.

Based on the technical and fundamental data, DGRC is expected to maintain its upward trajectory. The ETFs price is forecast to reach $41.50 within the next 6-12 months, supported by its strong moving average trends and low volatility. The funds focus on quality dividend growers positions it well to capitalize on Canadas economic recovery, particularly in sectors benefiting from rising interest rates and consumer spending.