Welch & Forbes LLC Sells 600 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Welch & Forbes LLC reduced its holdings in shares of Invesco Solar ETF (NYSEARCA:TAN) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,600 shares of the exchange traded fund’s stock after selling 600 shares during the quarter. Welch & Forbes LLC’s holdings in Invesco Solar ETF were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TAN. Union Bancaire Privee UBP SA purchased a new stake in Invesco Solar ETF in the 4th quarter valued at $31,000. Global Retirement Partners LLC raised its holdings in shares of 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 valued at $37,000 after purchasing an additional 365 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Invesco Solar ETF by 14.4% in the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock valued at $130,000 after purchasing an additional 492 shares during the last quarter. Sycomore Asset Management bought a new position in shares of Invesco Solar ETF during the fourth quarter valued at about $215,000. Finally, Perigon Wealth Management LLC purchased a new position in Invesco Solar ETF during the fourth quarter worth about $290,000.

Invesco Solar ETF Stock Performance

NYSEARCA:TAN opened at $32.83 on Friday. Invesco Solar ETF has a 52 week low of $30.61 and a 52 week high of $49.93. The firm has a 50-day moving average price of $33.92 and a two-hundred day moving average price of $36.68. The firm has a market cap of $785.62 million, a price-to-earnings ratio of 15.42 and a beta of 1.38.

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).