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 > Buying Opportunity

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Post by retiredcfon Mar 18, 2021 10:41am

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Post# 32825416

Buying Opportunity

One advantage of a down day on the markets combined with some negative sentiment on this BB was that it panicked a few and allowed me to add to my holdings. Here's a different persective on the earnings.

$14.9M in revenue was up 69% and beat estimates by 7%. One of the key factors is margins and they rose two points. EPS of 5 cents was also ahead by 71%. Lots of cash on hand and the order backlog was up over 10% Guidance was fine and commentary was more positive than last year.

Bottom line - these were good numbers.

So said 5iResearch when asked for their assessment. GLTA

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