Add Up The Pieces: RYF Could Be Worth $48
December 17, 2018 at 07:59 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 Equal Weight Financials ETF (RYF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $48.30 per unit.