Add Up The Pieces: FVL Could Be Worth $24
August 18, 2017 at 09:42 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 First Trust Value Line 100 Exchange-Traded Fund ETF (FVL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $23.64 per unit.