HighTower Advisors LLC Reduces Position in Invesco Solar ETF (NYSEARCA:TAN)

HighTower Advisors LLC decreased its position in Invesco Solar ETF (NYSEARCA:TAN) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,231 shares of the exchange traded fund’s stock after selling 2,015 shares during the period. HighTower Advisors LLC’s holdings in Invesco Solar ETF were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Invesco Solar ETF during the fourth quarter worth $44,050,000. National Bank of Canada FI raised its stake in shares of Invesco Solar ETF by 203.3% during the 3rd quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock valued at $19,305,000 after buying an additional 300,149 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco Solar ETF in the 4th quarter valued at about $1,064,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Invesco Solar ETF in the third quarter worth about $1,033,000. Finally, Quadrature Capital Ltd acquired a new stake in Invesco Solar ETF during the third quarter worth about $969,000.

Invesco Solar ETF Trading Up 1.1 %

Shares of TAN stock opened at $30.80 on Wednesday. Invesco Solar ETF has a twelve month low of $29.76 and a twelve month high of $49.93. The stock has a market cap of $732.12 million, a P/E ratio of 16.82 and a beta of 1.42. The stock has a 50 day moving average of $33.11 and a 200 day moving average of $35.65.

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).