Mercer Global Advisors Inc. ADV Purchases 108,411 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Mercer Global Advisors Inc. ADV increased its position in Invesco Solar ETF (NYSEARCA:TAN) by 698.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,936 shares of the exchange traded fund’s stock after acquiring an additional 108,411 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.51% of Invesco Solar ETF worth $4,983,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in Invesco Solar ETF during the second quarter valued at approximately $29,000. FinTrust Capital Advisors LLC increased its stake in shares of Invesco Solar ETF by 77.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,128 shares of the exchange traded fund’s stock worth $97,000 after purchasing an additional 928 shares in the last quarter. Garde Capital Inc. bought a new position in Invesco Solar ETF in the 4th quarter worth $101,000. Sycomore Asset Management lifted its position in Invesco Solar ETF by 71.4% during the first quarter. Sycomore Asset Management now owns 3,600 shares of the exchange traded fund’s stock valued at $165,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Invesco Solar ETF by 360.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,620 shares of the exchange traded fund’s stock valued at $236,000 after purchasing an additional 4,400 shares during the period.

Invesco Solar ETF Stock Down 1.2 %

NYSEARCA TAN opened at $40.66 on Friday. Invesco Solar ETF has a 52 week low of $37.33 and a 52 week high of $54.62. The company has a market capitalization of $979.50 million, a P/E ratio of 9.19 and a beta of 1.81. The stock’s 50-day moving average price is $40.82 and its 200-day moving average price is $42.59.

Invesco Solar ETF Profile

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).