Global exchange-traded fund - iShares S&P/TSX Canadian Dividend Aristocrats Income Fund ETF

CANA

iShares S&P/TSX Canadian Dividend Aristocrats Income Fund ETF in 3rd consecutive rise, nears seven-month high 18 June, 2018

NEWS BITES - ETF

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSX:CDZ), the 38th largest Exchange Traded Fund by market cap in Canada, extended its gains on Monday, rising an additional 17.0c (0.7%) to trade at CAD26.28. The ETF increased 0.2% on Thursday and 0.2% on Friday. This brought its 3-day rise to 1.1%, compared with the Morgan Stanley Capital International Canada Index [MSCI CANADA] which rose 49.0 points (0.75%) in the three days for a relative price increase of 0.3%. The ETF is now testing its 139-day high of CAD26.28.

Price Change %1 Month3 Month6 Month1 Year
CDZ2.93.8-2.02.4
MSCI CANADA1.34.82.711.0

YEAR-TO-DATE

iShares S&P/TSX Canadian Dividend Aristocrats Income Fund ETF drops 3% in 2018

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (T:CDZ), dropped 70.11c (or 2.6%) year-to-date (YTD) in 2018 to close at CAD26.28 today. Compared with the Morgan Stanley Capital International Canada Index which has risen 2.2% YTD, this is a relative price change of -4.8%.

SECTION 1

ISHARES S&P/TSX CANADIAN DIVIDEND ARISTOCRATS INCOME FUND ETF BULLISH SIGNALS

1.1 Technicals:

Uptrend: The ETF rose on high volatility today and expanding price range.

+ The price increased 1.5% in the last week and lifted 2.9% in the last month.

+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 25.96 minus the 26-day EMA of 25.76 is positive 0.2 suggesting a bullish signal. Both EMA prices are rising, another bullish signal.

+ Rises to Falls: in the past month the number of rises outnumbered falls 14:6 or 2.3:1.

+ The ETF's relative price strength percentile is rising at 32 for 6 months, 74 for 3 months and 83 for 1 month.

+ The present value of CAD1,000 (PV1000) invested five years ago in iShares S&P/TSX Canadian Dividend Aristocrats Income Fund ETF is CAD1,280, including a capital gain of CAD179 and dividend reinvested of CAD100.

+ 5 years Multiplier in CAD = 1.28x

+ Compound Annual Growth Rate (CAGR) in CAD = 5.0%

Present Value of USD1,000 invested 5 years ago:

+ The present value of USD1,000 (PV1000) invested five years ago in iShares S&P/TSX Canadian Dividend Aristocrats Income Fund ETF is $US984, including a capital loss of $US90 and dividend reinvested of $US73.

+ 5 years ago CAD 1 equalled USD 0.9827

+ 5 years Multiplier in USD = 0.984x

+ Compound Annual Growth Rate (CAGR) in USD = -0.3%

1.2 High Performance Indicators:

DescriptionValueRank In Market
% Prem to Vol Wtd Price66.2In Top 1%
Price/MAP501.03In Top Quartile
Price Change %0.7In Top Quartile

SECTION 2

ISHARES S&P/TSX CANADIAN DIVIDEND ARISTOCRATS INCOME FUND ETF BEARISH SIGNALS

2.1 Technicals:

+ In the last three months the ETF has hit a new 52-week low thrice.

2.2 Overbought/Bearish/Resistance Signals:

+ At CAD26.28 the price has risen above the upper Bollinger band resistance of CAD26.25, indicating a downside risk for it to fall back within the band.

+ The Relative Strength Index (RSI) of 90.4 has penetrated the overbought line of 70, suggesting the price gain of 2.8% in the last 14 days is unusually high.

+ The Money Flow Index [MFI] is 88.8 suggesting an overbought 14-day trend, being above 80. The Money Ratio of 8 suggests positive money flow was 8 times negative money flow.

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Technicals:

+ iShares S&P/TSX Canadian Dividend Aristocrats Income Fund ETF is at a discount of 2.9% to its 12-month high of CAD27.05 on January 03. It is also at a premium of 8.1% to the 12-month low of CAD24.32 on April 04.

+ The present value of CAD1,000 (PV1000) invested one year ago in iShares S&P/TSX Canadian Dividend Aristocrats Income Fund ETF is CAD1,024, for a capital gain of CAD24.

A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International Canada Index [MSCI CANADA] is shown below:

PV$10001-week1-month1-year
CDZ.T1,0151,0331,024
MSCI World9911,0071,105
MSCI CANADA1,0071,0211,110

3.2 Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverCAD900,084 (US$682,834)In 2nd Quartile

3.3 The Best 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI CANADA Change %RPC %Vol Ind [1 is avg]
Jun 04-081.110.10.9
May 14-181.11.2-0.22.3
Apr 16-2011.4-0.40.8

3.4 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI CANADA Change %RPC %Vol Ind [1 is avg]
Mar 19-23-2.3-3.51.20.7
May 21-25-0.2-0.30.20.4
May 28-Jun 01-0.1-0.201

3.5 Trailing 3 months

TurnoverUS$34.7 million
Volume1,799,584

3.6 Trailing Price Change %

3-Year price change for CDZ was 2.2%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 20.6% in the 3 years, the relative price change was -18.4%.

Price Change %QuarterYear3 Years
CDZ3.82.42.2
MSCI World-0.410.520.6

3.7 Moving Annual Return

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 3 of the last 5 years. An investment a year ago in CDZ would have produced a return of 3.5%.

CDZClose (CAD)Dividends (CAD)Capital Gain / (Loss) %% YieldAnnual Return %
Jun 1826.280.262.413.5
1 Yr ago25.660.994.848.9
2 Yrs ago24.470.48(4.8)1.9(2.9)
3 Yrs ago25.710.2(3.0)0.8(2.2)
4 Yrs ago26.50.1418.90.619.5

Close 5 years ago CAD22.29

3.8 Year-on-Year Comparison (Trailing year - ended 31 May)

In the past 5 years, CDZ has jumped 11.3% from 22.98 to 25.57, an average annual compound rise of 2.2%.

201820172016201520142013
Close25.5725.824.8326.2826.0122.98
% Price Change-0.93.9-5.5113.26.6
Avg Daily Volume28,44326,13839,21649,00379,45357,230
VWP2626.0923.726.3224.1822.51
Turnover Period5 yrs 3 mo6 yrs 5 mo4 yrs 44 d3 yrs 2 mo2 yrs 60 d2 yrs 8 mo
Price Range24.41 - 27.1524 - 27.4420.34 - 26.6621.28 - 27.521.66 - 26.1920.97 - 23.83

In the past 5 years average daily volume has declined 50.3% from 57,230 units to 28,443 units. Turnover period has increased from 2 years 8 months to 5 years 3 months. This indicates a larger number of core investors, making a long-term investment safer.

SECTION 4

RANKING

4.1 Global Rank out of 5,523 ETFs

The present value of $US1,000 invested a year ago is $US1,034, ranking it 3013 out of 5,523 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 29.

DescriptionValueRankQuartile
Net Assets (US$)868.4M737Top
Rel Strength 6 Mo (US$)293918Third
PV$1000 (1Year) US$*1,0343013Third

* 1 year ago CAD 1 equalled USD 0.7569

Jun 18, 2018: CAD 1 equals USD 0.7586

4.2 Rank in the Total Canada ETF Market [out of 457 ETFs]

DescriptionValueRank
Rel Strength 6 Mon (CAD)30318
PV1000-1Year (CAD)1,024179

SECTION 5

PROFILE

5.1 Description

Claymore CDN Dividend & Income Achievers ETF is an exchange traded fund established in Canada. The Fund seeks to replicate the performance of the Mergent's Canadian Dividend & Income Achievers Index, net of expenses. The Fund consists of Canadian equity and income trust units that have consistently increased their annual dividends and payments to shareholders.

5.2 SNAPSHOT

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSX:CDZ)

ISIN: CA46433F1062

Inception DateSeptember 07, 2006
Expense Ratio0.7% of average net assets
CategoryBroad Market-Equity
Fund Family NameBlackRock
Asset ClassEquity ETF

5.3 ETF Summary

LastCAD26.11
Volume30,855
Market CapCAD994.8 million [US$757.8 million]
Day's Range25.97 - 26.11
52-Week Range24.41 - 27.15
Units Outstanding38,100,000
Relative Strength (3 mo)66

5.4 Fund Manager and Management Fees

+ The manager of the ETF is Chuck Craig. The management fee is 0.6% of total assets

SECTION 6

DIVIDEND

Dividend:0.1
Dividend Date:May 25, 2018
Dividend Yield:1.0%
Annual Dividend:26.40c

CDZ.TO

Source: www.BuySellSignals.com