How The Parts Add Up: PHDG Headed For $31
June 28, 2018 at 08:31 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 $31.32 per unit.