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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

Invesco Water Resources ETF > price drops but volume is dry comparing to average volume
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Comment by lotus1on Feb 03, 2018 10:32am
166 Views
Post# 27496212

RE:RE:RE:RE:price drops but volume is dry comparing to average volume

RE:RE:RE:RE:price drops but volume is dry comparing to average volumeConsidering the broad and steep market sell-off for past 2 days in US and Canada, PHO's price decline was rather orderly, with no panick selling evident. Also, generally tech stocks in Canada held on much better than other sectors like banks,utilities and energy.

Could n't resist to take advantage of price drop below $1.90 and added 50% of existing position. There could possibly be some more downside if market pullback continues but not worried as I am in for the long haul.

GLTA



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