Sum Up The Parts: SPHQ Could Be Worth $35
November 05, 2018 at 07:56 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 500 Quality ETF (SPHQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.94 per unit.