Invesco Solar ETF (NYSEARCA:TAN) Trading Up 3%

Invesco Solar ETF (NYSEARCA:TAN)’s stock price was up 3% on Wednesday . The company traded as high as $44.22 and last traded at $44.20. Approximately 168,468 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,211,177 shares. The stock had previously closed at $42.91.

Invesco Solar ETF Stock Down 3.5 %

The company has a market cap of $1.09 billion, a P/E ratio of 9.19 and a beta of 1.81. The company’s 50-day moving average is $42.73 and its two-hundred day moving average is $44.91.

Hedge Funds Weigh In On Invesco Solar ETF

Several large investors have recently modified their holdings of TAN. Avantax Advisory Services Inc. lifted its holdings in shares of Invesco Solar ETF by 27.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,861 shares of the exchange traded fund’s stock worth $579,000 after buying an additional 2,309 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Invesco Solar ETF by 12.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 49,185 shares of the exchange traded fund’s stock worth $2,624,000 after purchasing an additional 5,301 shares during the period. Private Advisor Group LLC raised its position in shares of Invesco Solar ETF by 1.5% in the fourth quarter. Private Advisor Group LLC now owns 133,597 shares of the exchange traded fund’s stock worth $7,127,000 after buying an additional 1,992 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Invesco Solar ETF during the fourth quarter valued at $201,000. Finally, Allworth Financial LP grew its position in Invesco Solar ETF by 52.5% during the fourth quarter. Allworth Financial LP now owns 1,580 shares of the exchange traded fund’s stock worth $84,000 after buying an additional 544 shares in the last quarter.

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).