PBJ's Holdings Could Mean 14% Gain Potential
December 27, 2018 at 08:00 AM EST
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 Dynamic Food & Beverage ETF (PBJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $33.43 per unit.