The Math Shows DDIV Can Go To $35
October 01, 2021 at 08:56 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 First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.82 per unit.