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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

Post by blackwood2002on Sep 08, 2017 12:23pm
156 Views
Post# 26672285

Odd trading

Odd tradingIts interesting to see that a few traders are keen to keep attempting to push this down. With recent insider buying I'd suspect they see this as a bargain and hopefully they pick up larger positions. Perhaps news is around the corner or they just see the current sp as a bargain . I fail to see much reason for continued selling pressure given the positive state of affairs, fair valuation and great outlook. I gather this consolidation will not last a great deal longer given next qtr earnings release and guidance is a month or so away. I'm happy to continue to add at these levels. Just running out of free cash flow .
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