(DGRC) CI Canada Quality Dividend - Ratings and Ratios

The CI Canada Quality Dividend Growth Index ETF (DGRC) is a Canadian ETF that tracks the Morningstar Canada GR CAD Index, providing investors with exposure to high-quality dividend-paying stocks in Canada. The fund is designed to deliver long-term capital appreciation and dividend income.

From a technical analysis perspective, DGRC has been trending upwards, with its current price of $43.20 sitting above its 20-day, 50-day, and 200-day simple moving averages (SMA20: $42.33, SMA50: $40.72, SMA200: $39.66). This suggests a strong uptrend, with the potential for continued growth. The Average True Range (ATR) of 0.26 (0.60%) indicates relatively low volatility, making it an attractive option for risk-averse investors.

Fundamentally, the fund has a substantial asset base, with $881.65 million in Assets Under Management (AUM). This indicates a high level of investor confidence and provides the fund with the scale to effectively track its underlying index.

Combining technical and fundamental insights, a forecast for DGRC is positive. With its strong uptrend and low volatility, the fund is likely to continue its growth trajectory. As the Canadian dividend and income equity market continues to evolve, DGRCs focus on high-quality dividend-paying stocks positions it well for long-term success. A potential target price could be $45.50, representing a 5% increase from current levels, driven by continued investor demand and a stable macroeconomic environment.