Look Under The Hood: EWMC Has 17% Upside
August 22, 2019 at 08:30 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 MidCap 400— Equal Weight ETF (EWMC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $71.79 per unit.