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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 grobinso_1on Feb 20, 2018 4:39pm
237 Views
Post# 27590084

Divesting the Flow Meter business.

Divesting the Flow Meter business.
"While this is not a financially material transaction, we are very pleased this product is in the hands of an owner who has the ability to fully realize its revenue potential and that we will share in that revenue stream."

While sad to see this product line being sold for NAV, the recent success in the share price is in some part due to the company being really the only pure play semi-con equity in Canada.  Makes sense to divest the distractions and focus on the areas that have been rewarding.

Can't wait to see what else the company has been working on.

Gro
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