EWMC's Holdings Imply 10% Gain Potential
October 27, 2016 at 09:48 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 Guggenheim 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 $56.90 per unit.