US Bancorp DE Reduces Position in Invesco Solar ETF (NYSEARCA:TAN)

US Bancorp DE trimmed its holdings in Invesco Solar ETF (NYSEARCA:TAN) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,019 shares of the exchange traded fund’s stock after selling 300 shares during the quarter. US Bancorp DE’s holdings in Invesco Solar ETF were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TAN. Sanctuary Advisors LLC purchased a new stake in shares of Invesco Solar ETF during the 2nd quarter valued at approximately $713,000. Foundations Investment Advisors LLC purchased a new stake in Invesco Solar ETF in the second quarter valued at $786,000. CreativeOne Wealth LLC acquired a new position in shares of Invesco Solar ETF in the 1st quarter valued at $249,000. Private Advisor Group LLC lifted its stake in shares of Invesco Solar ETF by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 15,329 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 333 shares during the last quarter. Finally, Scientech Research LLC purchased a new position in shares of Invesco Solar ETF during the 2nd quarter worth $262,000.

Invesco Solar ETF Stock Performance

NYSEARCA:TAN opened at $35.60 on Friday. Invesco Solar ETF has a fifty-two week low of $34.30 and a fifty-two week high of $54.62. The company has a 50 day moving average price of $39.50 and a 200 day moving average price of $41.61. The stock has a market capitalization of $857.60 million, a P/E ratio of 9.19 and a beta of 1.81.

Invesco Solar ETF Company 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).