连涨3日的红利低波，要调整了吗？

Group 1 - The core viewpoint of the news indicates a shift in market sentiment towards dividend stocks, as evidenced by the positive signal from the dividend style timing model released by Guotai Haitong, which shows a factor value of 0.09, up from -0.08 the previous week [1][2] - The CSI Dividend Low Volatility Index (H30269) has shown a recent decline of 0.86% as of February 12, 2026, despite a cumulative increase of 0.95% over the previous three days [1] - The market is currently in a phase of stock game, with institutional funds showing caution and a lack of consensus, while retail investors are driving localized activity, leading to increased market volatility [1][2] Group 2 - Institutional funds are experiencing net outflows from technology and cyclical manufacturing sectors, while there is a concentrated inflow into the consumer sector, indicating a structural divergence in capital flows [2] - The CSI Dividend Low Volatility Index, which includes 50 securities with good liquidity and consistent dividend payments, has a one-year dividend yield of 4.50% as of February 11, 2026 [2] - The Huaxia Dividend Low Volatility ETF (159547) is noted for having the lowest comprehensive fee rate among ETFs tracking this index, with quarterly assessments for potential dividends [2]