Shares of Invesco Solar ETF (NYSEARCA:TAN – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $57.60 and traded as low as $51.80. Invesco Solar ETF shares last traded at $51.97, with a volume of 503,467 shares traded.
Invesco Solar ETF Trading Down 1.0%
The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 18.04 and a beta of 1.40. The firm’s fifty day simple moving average is $55.48 and its two-hundred day simple moving average is $57.60.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in TAN. Northwestern Mutual Wealth Management Co. grew its position in Invesco Solar ETF by 95,252.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,423,380 shares of the exchange traded fund’s stock worth $217,276,000 after acquiring an additional 4,418,741 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco Solar ETF in the first quarter valued at $99,186,000. Wealth High Governance Capital Ltda purchased a new stake in Invesco Solar ETF in the fourth quarter valued at $17,986,000. JPMorgan Chase & Co. lifted its stake in shares of Invesco Solar ETF by 513.4% in the 4th quarter. JPMorgan Chase & Co. now owns 359,238 shares of the exchange traded fund’s stock valued at $17,646,000 after purchasing an additional 300,669 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Invesco Solar ETF in the 3rd quarter valued at $14,901,000.
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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