Sum Up The Pieces: SPMO Could Be Worth $30
August 17, 2016 at 07:39 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 PowerShares S&P 500 Momentum Portfolio ETF (SPMO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.90 per unit.