SPHQ's Underlying Holdings Imply 10% Gain Potential
February 04, 2016 at 08:09 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 PowerShares S&P 500 High Quality Portfolio ETF (SPHQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $24.83 per unit.