Carnegie Investment Counsel Sells 28,896 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Carnegie Investment Counsel cut its stake in shares of Invesco Solar ETF (NYSEARCA:TAN) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,874 shares of the exchange traded fund’s stock after selling 28,896 shares during the quarter. Carnegie Investment Counsel owned approximately 0.47% of Invesco Solar ETF worth $4,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd increased its holdings in Invesco Solar ETF by 110.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,200,000 shares of the exchange traded fund’s stock worth $224,070,000 after purchasing an additional 2,208,356 shares during the period. Jane Street Group LLC grew its holdings in Invesco Solar ETF by 47.2% during the 1st quarter. Jane Street Group LLC now owns 454,032 shares of the exchange traded fund’s stock worth $20,599,000 after acquiring an additional 145,625 shares in the last quarter. Verition Fund Management LLC purchased a new position in Invesco Solar ETF during the 4th quarter valued at about $6,263,000. SG Americas Securities LLC raised its holdings in shares of Invesco Solar ETF by 217.7% in the 2nd quarter. SG Americas Securities LLC now owns 104,774 shares of the exchange traded fund’s stock valued at $4,213,000 after purchasing an additional 71,800 shares in the last quarter. Finally, Anthracite Investment Company Inc. purchased a new stake in shares of Invesco Solar ETF in the 4th quarter worth approximately $2,840,000.

Invesco Solar ETF Stock Down 1.8 %

TAN stock traded down $0.76 during trading on Tuesday, hitting $40.84. 497,633 shares of the company’s stock traded hands, compared to its average volume of 1,253,506. The firm has a market capitalization of $983.84 million, a P/E ratio of 9.19 and a beta of 1.81. Invesco Solar ETF has a 1 year low of $37.42 and a 1 year high of $59.46. The business has a fifty day simple moving average of $41.93 and a two-hundred day simple moving average of $43.18.

Invesco Solar ETF 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).