SPVM's Underlying Holdings Could Mean 10% Gain Potential
April 17, 2024 at 10:10 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 Value with Momentum ETF (SPVM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $58.84 per unit.