Barclays PLC Trims Stock Position in Invesco Solar ETF (NYSEARCA:TAN)

Barclays PLC cut its position in shares of Invesco Solar ETF (NYSEARCA:TAN) by 88.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,779 shares of the exchange traded fund’s stock after selling 45,452 shares during the quarter. Barclays PLC’s holdings in Invesco Solar ETF were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank Hapoalim BM acquired a new stake in Invesco Solar ETF during the third quarter worth about $255,000. Scientech Research LLC acquired a new stake in Invesco Solar ETF during the second quarter worth about $262,000. Wedbush Securities Inc. increased its stake in Invesco Solar ETF by 8.6% during the second quarter. Wedbush Securities Inc. now owns 9,322 shares of the exchange traded fund’s stock worth $375,000 after acquiring an additional 739 shares during the last quarter. Nwam LLC acquired a new stake in shares of Invesco Solar ETF in the third quarter valued at about $424,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Invesco Solar ETF by 20.3% in the third quarter. Oppenheimer & Co. Inc. now owns 11,084 shares of the exchange traded fund’s stock valued at $478,000 after buying an additional 1,868 shares in the last quarter.

Invesco Solar ETF Stock Performance

TAN stock opened at $35.15 on Monday. Invesco Solar ETF has a 1 year low of $32.15 and a 1 year high of $49.98. The firm has a market cap of $846.76 million, a P/E ratio of 9.19 and a beta of 1.81. The stock has a 50-day simple moving average of $35.78 and a 200-day simple moving average of $39.00.

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).