Sum Up The Parts: QQXT Could Be Worth $46
June 09, 2016 at 07:59 AM EDT
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 Ex-Technology Sector Index Fund ETF (QQXT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $45.88 per unit.