Underlying Asset Performance: BKDV.US tracks an index of dividend-paying international stocks. Their price movements directly impact the ETF's NAV and market price.

Supply and Demand: High demand for the ETF can drive the price up, while increased selling pressure can push it down. Market sentiment plays a key role here.

Dividend Yields: Changes in dividend yields of the underlying holdings can affect the ETF's attractiveness and price. Higher yields often attract more investors.

Currency Fluctuations: As BKDV.US holds international stocks, exchange rate movements between the US dollar and other currencies can impact the ETF's value.

Interest Rate Changes: Interest rate hikes can make bonds more attractive, potentially drawing investors away from dividend-paying stocks and affecting the ETF's price.

Economic Conditions: Global and regional economic conditions can influence the performance of the companies within the ETF's portfolio, thus impacting its price.

Expense Ratio: While the expense ratio doesn't directly change the price, it impacts the long-term return and can influence investor decisions, indirectly affecting demand.