Add Up The Pieces: SPVM Could Be Worth $33
September 17, 2018 at 07:56 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 Invesco S&P 500 Value With Momentum ETF (SPVM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $32.91 per unit.