Look Under The Hood: XMHQ Has 11% Upside
September 05, 2019 at 08:17 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 Quality ETF (XMHQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $53.87 per unit.