Peek Under The Hood: RDIV Has 12% Upside
August 18, 2020 at 07:58 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 Ultra Dividend Revenue ETF (RDIV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $32.86 per unit.