Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Bullboard Posts
Post by blackwood2002on May 08, 2014 3:40pm
218 Views
Post# 22540369

Share buy backs

Share buy backsWell it looks like mgt has elected to keep the cash vs execute more share buy backs. The deadline for the 5mm shares was May 7 2014. They bought back about 1.9mm of thre 5mm .. given the recent rise in sp and the expansion of their sales and marketing, new products etc. it would appear they feel monies are better suited to growth of the business vs. reducing the float by a fractional amount..That's all good with me! Grow , grow , grow.. with 46-48% margins that money is way better off reinvested in the company. GLTA..
Bullboard Posts