Invesco Solar ETF (NYSEARCA:TAN) Sees Strong Trading Volume

Shares of Invesco Solar ETF (NYSEARCA:TAN) saw an uptick in trading volume on Wednesday . 784,387 shares were traded during trading, a decline of 35% from the previous session’s volume of 1,198,989 shares.The stock last traded at $41.50 and had previously closed at $41.46.

Invesco Solar ETF Price Performance

The stock has a market capitalization of $998.53 million, a P/E ratio of 9.19 and a beta of 1.81. The company has a 50 day simple moving average of $40.93 and a 200-day simple moving average of $42.63.

Hedge Funds Weigh In On Invesco Solar ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Invesco Solar ETF by 110.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,200,000 shares of the exchange traded fund’s stock worth $224,070,000 after acquiring an additional 2,208,356 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Invesco Solar ETF by 47.2% during the 1st quarter. Jane Street Group LLC now owns 454,032 shares of the exchange traded fund’s stock valued at $20,599,000 after buying an additional 145,625 shares during the period. Greenwood Gearhart Inc. raised its holdings in Invesco Solar ETF by 2.6% in the 2nd quarter. Greenwood Gearhart Inc. now owns 138,964 shares of the exchange traded fund’s stock worth $5,588,000 after purchasing an additional 3,524 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Invesco Solar ETF by 698.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 123,936 shares of the exchange traded fund’s stock worth $4,983,000 after purchasing an additional 108,411 shares during the period. Finally, Verition Fund Management LLC bought a new position in Invesco Solar ETF in the 4th quarter worth $6,263,000.

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).