QQEW's Holdings Imply 15% Gain Potential
January 31, 2019 at 07:44 AM EST
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust NASDAQ-100 Equal Weighted Index Fund ETF (QQEW), we found that the implied analyst target price for the ETF based upon its underlying holdings is $69.06 per unit.