Shares of Invesco Solar ETF (NYSEARCA:TAN – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $29.76 and last traded at $30.24, with a volume of 96378 shares changing hands. The stock had previously closed at $31.01.
Invesco Solar ETF Stock Down 2.6 %
The firm has a market cap of $718.23 million, a P/E ratio of 17.74 and a beta of 1.54. The stock’s 50-day simple moving average is $33.24 and its 200 day simple moving average is $35.79.
Hedge Funds Weigh In On Invesco Solar ETF
A number of large investors have recently modified their holdings of the company. Global Retirement Partners LLC increased its position in shares of Invesco Solar ETF by 48.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 365 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Invesco Solar ETF by 14.4% during the 4th quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock worth $130,000 after purchasing an additional 492 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Invesco Solar ETF in the 4th quarter worth about $31,000. Sava Infond d.o.o. bought a new position in Invesco Solar ETF during the fourth quarter valued at about $132,000. Finally, Vontobel Holding Ltd. increased its holdings in Invesco Solar ETF by 31.3% during the fourth quarter. Vontobel Holding Ltd. now owns 22,607 shares of the exchange traded fund’s stock worth $749,000 after buying an additional 5,385 shares during the last quarter.
About Invesco Solar ETF
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).
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