PHDG's Underlying Holdings Could Mean 11% Gain Potential
November 09, 2018 at 07:54 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 Downside Hedged ETF (PHDG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $30.90 per unit.