Nwam LLC cut its stake in shares of Invesco Solar ETF (NYSEARCA:TAN – Free Report) by 80.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,761 shares of the exchange traded fund’s stock after selling 72,827 shares during the quarter. Nwam LLC’s holdings in Invesco Solar ETF were worth $1,051,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new position in Invesco Solar ETF in the 4th quarter worth $25,000. SBI Securities Co. Ltd. grew its stake in Invesco Solar ETF by 62.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 212 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Invesco Solar ETF in the fourth quarter valued at about $28,000. NFSG Corp acquired a new position in shares of Invesco Solar ETF in the first quarter valued at about $56,000. Finally, Advisors Preferred LLC purchased a new position in shares of Invesco Solar ETF in the first quarter worth about $60,000.
Invesco Solar ETF Stock Up 0.9%
Invesco Solar ETF stock opened at $47.27 on Thursday. The stock has a 50-day moving average price of $52.40 and a 200 day moving average price of $56.91. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.04 and a beta of 1.40. Invesco Solar ETF has a 52 week low of $41.00 and a 52 week high of $75.60.
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). The Index is designed to track companies within the business segments of the solar energy industry, which include companies that produce solar power equipment and products for end users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers.
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