Migdal Insurance & Financial Holdings Ltd. Has $58.93 Million Stake in Invesco Solar ETF (NYSEARCA:TAN)

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco Solar ETF (NYSEARCA:TAN) by 73,533.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,104,500 shares of the exchange traded fund’s stock after purchasing an additional 1,103,000 shares during the quarter. Invesco Solar ETF accounts for about 1.2% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 23rd largest holding. Migdal Insurance & Financial Holdings Ltd. owned approximately 3.77% of Invesco Solar ETF worth $58,926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TAN. Dunhill Financial LLC raised its position in shares of Invesco Solar ETF by 12.1% in the 3rd quarter. Dunhill Financial LLC now owns 9,674 shares of the exchange traded fund’s stock valued at $481,000 after buying an additional 1,042 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Invesco Solar ETF in the 4th quarter valued at approximately $201,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco Solar ETF by 12.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 49,185 shares of the exchange traded fund’s stock valued at $2,624,000 after purchasing an additional 5,301 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of Invesco Solar ETF by 179.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 12,840 shares of the exchange traded fund’s stock valued at $666,000 after purchasing an additional 8,240 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Invesco Solar ETF by 183.2% during the 3rd quarter. CX Institutional now owns 42,667 shares of the exchange traded fund’s stock valued at $2,210,000 after purchasing an additional 27,599 shares during the last quarter.

Invesco Solar ETF Stock Performance

Shares of Invesco Solar ETF stock traded up $0.69 during midday trading on Wednesday, hitting $40.43. 1,696,209 shares of the company traded hands, compared to its average volume of 1,274,578. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 9.26 and a beta of 1.80. The firm’s fifty day moving average price is $44.06 and its 200-day moving average price is $45.64. Invesco Solar ETF has a 12 month low of $39.58 and a 12 month high of $79.00.

Invesco Solar ETF Company Profile

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).