We Did The Math SPMV Can Go To $41
June 21, 2021 at 10:06 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 Minimum Variance ETF (SPMV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $40.67 per unit.