Invesco Solar ETF (NYSEARCA:TAN) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco Solar ETF (NYSEARCA:TAN) saw an uptick in trading volume on Tuesday . 1,060,828 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 980,528 shares.The stock last traded at $36.76 and had previously closed at $35.55.

Invesco Solar ETF Stock Up 3.5 %

The company has a fifty day simple moving average of $35.69 and a 200-day simple moving average of $38.90. The firm has a market cap of $886.27 million, a P/E ratio of 9.19 and a beta of 1.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TAN. Bank Hapoalim BM purchased a new stake in shares of Invesco Solar ETF in the third quarter valued at $255,000. Scientech Research LLC purchased a new stake in shares of Invesco Solar ETF in the second quarter worth approximately $262,000. Wedbush Securities Inc. boosted its holdings in Invesco Solar ETF by 8.6% during the 2nd quarter. Wedbush Securities Inc. now owns 9,322 shares of the exchange traded fund’s stock valued at $375,000 after acquiring an additional 739 shares during the period. Nwam LLC purchased a new position in Invesco Solar ETF during the 3rd quarter valued at $424,000. Finally, Oppenheimer & Co. Inc. increased its stake in Invesco Solar ETF by 20.3% in the third quarter. Oppenheimer & Co. Inc. now owns 11,084 shares of the exchange traded fund’s stock worth $478,000 after purchasing an additional 1,868 shares during the period.

About Invesco Solar ETF

Guggenheim Solar ETF, formerly Claymore/MAC Global Solar Energy Index ETF, seeks investment results that correspond generally to the performance of an equity index called the MAC Global Solar Energy Index (the Index). The Index consists of approximately 25 stocks selected based on the relative importance of solar power within the Company’s business model, as determined by MAC Indexing LLC (the Index Provider).