Expense Ratio: Higher fees reduce returns, impacting price.

Underlying Holdings Performance: FHDG's price mirrors the collective performance of its holdings, which are US dividend growth stocks.

Dividend Yield and Growth: High dividend yield and consistent dividend increases attract investors, boosting demand and price.

Market Sentiment: General investor optimism or pessimism towards the stock market influences buying and selling pressure.

Interest Rate Changes: Rising interest rates can make dividend stocks less attractive relative to bonds, potentially lowering demand.

Economic Conditions: Economic growth typically supports corporate earnings and dividend payments, positively affecting FHDG's price.

Sector Performance: The performance of sectors represented in FHDG's holdings (e.g., financials, consumer staples) impacts its price.

Fund Flows: Inflows increase demand and price, while outflows decrease them.

Index Tracking Accuracy: How closely the ETF tracks its index affects its performance and thus its price.