Invesco Solar ETF (NYSEARCA:TAN) Stake Trimmed by Money Design Co. Ltd.

Money Design Co. Ltd. lessened its stake in shares of Invesco Solar ETF (NYSEARCA:TAN) by 14.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,000 shares of the exchange traded fund’s stock after selling 6,162 shares during the quarter. Money Design Co. Ltd.’s holdings in Invesco Solar ETF were worth $1,278,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TAN. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Invesco Solar ETF by 205.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,600,000 shares of the exchange traded fund’s stock valued at $112,086,000 after acquiring an additional 1,750,000 shares in the last quarter. National Bank of Canada FI raised its stake in 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 purchasing an additional 300,149 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Invesco Solar ETF in the third quarter valued at $1,033,000. Quadrature Capital Ltd purchased a new position in shares of Invesco Solar ETF during the third quarter valued at $969,000. Finally, Cox Capital Mgt LLC purchased a new position in shares of Invesco Solar ETF during the fourth quarter valued at $729,000.

Invesco Solar ETF Trading Down 2.0 %

Shares of Invesco Solar ETF stock opened at $32.65 on Wednesday. Invesco Solar ETF has a 1 year low of $32.12 and a 1 year high of $49.93. The company has a market cap of $786.54 million, a P/E ratio of 9.19 and a beta of 1.81. The stock has a 50-day moving average price of $34.75 and a 200 day moving average price of $38.17.

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).