Invesco Solar ETF (NYSEARCA:TAN) Shares Gap Up – Here’s Why

Posted by Renee Jackson on Jan 29th, 2025

Invesco Solar ETF (NYSEARCA:TAN – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $32.65, but opened at $33.91. Invesco Solar ETF shares last traded at $34.10, with a volume of 334,689 shares traded.

Invesco Solar ETF Stock Performance

The firm has a market cap of $806.65 million, a P/E ratio of 9.19 and a beta of 1.81. The business’s 50-day simple moving average is $34.72 and its 200 day simple moving average is $38.09.

Institutional Trading of Invesco Solar ETF

Several institutional investors have recently made changes to their positions in TAN. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Solar ETF by 13.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 77,298 shares of the exchange traded fund’s stock worth $3,108,000 after buying an additional 9,397 shares during the last quarter. Scientech Research LLC purchased a new stake in shares of Invesco Solar ETF in the second quarter valued at approximately $262,000. Cetera Investment Advisers grew its position in shares of Invesco Solar ETF by 10.4% during the 2nd quarter. Cetera Investment Advisers now owns 55,678 shares of the exchange traded fund’s stock worth $2,239,000 after buying an additional 5,255 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Invesco Solar ETF during the 2nd quarter valued at about $713,000. Finally, CWM LLC increased its holdings in Invesco Solar ETF by 35.1% during the third quarter. CWM LLC now owns 11,106 shares of the exchange traded fund’s stock valued at $479,000 after buying an additional 2,886 shares during the period.

Invesco Solar ETF Company Profile

(Get Free Report)

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).