Add Up The Pieces: QVMS Could Be Worth $32

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 SmallCap 600 QVM Multi-factor ETF (QVMS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $32.02 per unit.