Invesco Solar ETF (NYSEARCA:TAN) Sets New 12-Month Low at $38.68

Invesco Solar ETF (NYSEARCA:TAN)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $38.68 and last traded at $38.71, with a volume of 722019 shares. The stock had previously closed at $39.24.

Invesco Solar ETF Trading Up 3.9 %

The firm has a market capitalization of $975.89 million, a PE ratio of 9.19 and a beta of 1.81. The business’s 50 day simple moving average is $44.10 and its 200 day simple moving average is $44.78.

Hedge Funds Weigh In On Invesco Solar ETF

A number of large investors have recently made changes to their positions in the company. Verity Asset Management Inc. boosted its stake in shares of Invesco Solar ETF by 24.7% during the 1st quarter. Verity Asset Management Inc. now owns 13,898 shares of the exchange traded fund’s stock worth $631,000 after purchasing an additional 2,749 shares during the period. Cetera Investment Advisers boosted its stake in shares of Invesco Solar ETF by 85.5% during the 1st quarter. Cetera Investment Advisers now owns 50,423 shares of the exchange traded fund’s stock worth $2,288,000 after purchasing an additional 23,237 shares during the period. Jane Street Group LLC boosted its stake in shares of Invesco Solar ETF by 47.2% during the 1st quarter. Jane Street Group LLC now owns 454,032 shares of the exchange traded fund’s stock worth $20,599,000 after purchasing an additional 145,625 shares during the period. Gendell Jeffrey L purchased a new position in shares of Invesco Solar ETF during the 1st quarter worth about $907,000. Finally, Quadrature Capital Ltd bought a new stake in Invesco Solar ETF during the 1st quarter valued at about $1,756,000.

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).