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How The Pieces Add Up: SPMO Headed For $59

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— Momentum ETF (SPMO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $59.43 per unit.
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