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 > Just Asking

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Comment by vinebillson Apr 20, 2018 10:58pm

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Post# 27920802

RE:Just Asking

it depends - dont have experience as such but was doing some research on this:

- generally the stock runs up before moving to TSX - PHO has not moved at all.
- More instituitons are allowed to take position - should drive up prices
- if insitutions find it over valued they could have their active managers shorting too. Speculators too could short it.

- Liquidity should improve. To be honest there is no price discovery on an illiquid stock. It closed today at 1.78- is that the true market value? being illiquid it is hard to conclude. It could be that it is under valued but due to no liquidity nobody is interested in it.

To me Liquidity should improve and then Mr Market will decide the true price.

Since the business is doing very well + since we have not seen run up in stock prices = I am betting on stock price going atleast above $2.

I could be totally wrong time will tell.

Good Luck to all longs on this board !!!

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