Invesco Solar ETF (NYSEARCA:TAN) Shares Gap Down to $45.11

Invesco Solar ETF (NYSEARCA:TAN) gapped down prior to trading on Thursday . The stock had previously closed at $45.11, but opened at $44.10. Invesco Solar ETF shares last traded at $43.82, with a volume of 177,979 shares trading hands.

Invesco Solar ETF Stock Performance

The company has a 50 day moving average of $43.96 and a 200 day moving average of $45.16. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.19 and a beta of 1.81.

Institutional Trading of Invesco Solar ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. increased its position in shares of Invesco Solar ETF by 27.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,861 shares of the exchange traded fund’s stock worth $579,000 after purchasing an additional 2,309 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco Solar ETF by 12.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 49,185 shares of the exchange traded fund’s stock worth $2,624,000 after purchasing an additional 5,301 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Invesco Solar ETF by 1.5% during the 4th quarter. Private Advisor Group LLC now owns 133,597 shares of the exchange traded fund’s stock worth $7,127,000 after purchasing an additional 1,992 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Invesco Solar ETF during the 4th quarter worth about $201,000. Finally, Verity Asset Management Inc. increased its position in shares of Invesco Solar ETF by 5.5% during the 4th quarter. Verity Asset Management Inc. now owns 11,149 shares of the exchange traded fund’s stock worth $595,000 after purchasing an additional 577 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).