Sum Up The Parts: PPA Could Be Worth $66
April 05, 2019 at 08:12 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 Aerospace & Defense ETF (PPA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $65.97 per unit.