Peek Under The Hood: PHDG Has 10% Upside
July 24, 2018 at 07:45 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 500 Downside Hedged ETF (PHDG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $31.61 per unit.