The Math Shows SPVU Can Go To $40
August 16, 2018 at 09:04 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 Enhanced Value ETF (SPVU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $40.37 per unit.