Invesco Solar ETF (NYSEARCA:TAN) Reaches New 1-Year Low – Should You Sell?

Invesco Solar ETF (NYSEARCA:TAN)’s share price reached a new 52-week low on Thursday . The stock traded as low as $32.12 and last traded at $32.35, with a volume of 152406 shares trading hands. The stock had previously closed at $32.57.

Invesco Solar ETF Stock Up 0.4 %

The company has a market capitalization of $810.63 million, a P/E ratio of 9.19 and a beta of 1.81. The company’s 50-day simple moving average is $34.78 and its 200 day simple moving average is $38.33.

Institutional Trading of Invesco Solar ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in Invesco Solar ETF during the second quarter worth about $713,000. Private Advisor Group LLC increased its stake in shares of Invesco Solar ETF by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 15,329 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 333 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Invesco Solar ETF by 203.3% during the 3rd quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock worth $19,305,000 after buying an additional 300,149 shares in the last quarter. Scientech Research LLC acquired a new stake in Invesco Solar ETF in the second quarter valued at about $262,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Invesco Solar ETF in the third quarter valued at about $1,033,000.

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).