Add Up The Pieces: QTEC Could Be Worth $83
February 05, 2018 at 10:02 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-Technology Sector Index Fund ETF (QTEC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $83.28 per unit.