Underlying Holdings Performance: SCDG.NEO's price primarily reflects the performance of the Canadian dividend growth stocks it holds. If these companies' share prices rise or fall, SCDG.NEO's price will generally follow.

Dividend Payments: Dividend income from the underlying holdings directly impacts the ETF's net asset value (NAV) and ultimately its price. Higher dividend payouts from these companies can increase SCDG.NEO's attractiveness and potentially its price.

Supply and Demand: Like any traded asset, SCDG.NEO's price is affected by the balance of buyers and sellers in the market. Increased demand typically leads to a higher price, while increased supply tends to lower it.

Market Sentiment: Overall investor sentiment towards the Canadian stock market, dividend-paying stocks, or growth stocks can influence the demand for and price of SCDG.NEO.

Management Fees and Expenses: The ETF's expense ratio (MER) slightly reduces the returns and NAV, which indirectly affects its price over time.

Currency Fluctuations: Changes in the value of the Canadian dollar relative to other currencies can impact the value of the underlying holdings for investors holding SCDG.NEO in other currencies.