Add Up The Pieces: EWMC Could Be Worth $72
February 27, 2019 at 07:58 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 Invesco S&P MidCap 400 Equal Weight ETF (EWMC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $71.80 per unit.