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 > Sp

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Comment by Mofonomoon May 09, 2020 9:12am

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Post# 31006540

RE:Sp

I think so but might need a couple more quarters like this one.

Over the last 3 quarters, PHO has converted 80% of the back-log (average over the 3 qtrs) into Revenues in the subsequent quarter. If this trend holds, we are looking at close to $25M in Revenue in Q2 at a 30% EBITDA Margin or $7.5M EBITDA.

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