Invesco Solar ETF (NYSEARCA:TAN) Stock Position Reduced by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in shares of Invesco Solar ETF (NYSEARCA:TAN) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,642 shares of the exchange traded fund’s stock after selling 687 shares during the period. Private Advisor Group LLC owned about 0.06% of Invesco Solar ETF worth $485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TAN. Global Retirement Partners LLC grew its position in Invesco Solar ETF by 48.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 365 shares in the last quarter. JPMorgan Chase & Co. grew its position in Invesco Solar ETF by 52.5% in the third quarter. JPMorgan Chase & Co. now owns 23,282 shares of the exchange traded fund’s stock worth $1,004,000 after acquiring an additional 8,011 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Invesco Solar ETF in the third quarter worth approximately $1,033,000. National Bank of Canada FI grew its position in Invesco Solar ETF by 203.3% in the third quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock worth $19,305,000 after acquiring an additional 300,149 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in Invesco Solar ETF by 31.3% in the fourth quarter. Vontobel Holding Ltd. now owns 22,607 shares of the exchange traded fund’s stock worth $749,000 after acquiring an additional 5,385 shares in the last quarter.

Invesco Solar ETF Stock Down 3.2 %

TAN stock opened at $31.31 on Tuesday. The company has a market capitalization of $749.25 million, a price-to-earnings ratio of 15.42 and a beta of 1.38. Invesco Solar ETF has a 12 month low of $31.09 and a 12 month high of $49.93. The firm has a 50 day moving average of $34.08 and a two-hundred day moving average of $36.89.

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).