The Math Shows XRLV Can Go To $29
November 04, 2016 at 09:56 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 PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio ETF (XRLV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.49 per unit.