The Math Shows MMTM Can Go To $133
January 02, 2019 at 08:18 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 SPDR S&P 1500 Momentum Tilt ETF (MMTM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $133.24 per unit.