Invesco Solar ETF (NYSEARCA:TAN – Get Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $37.11 and last traded at $37.11, with a volume of 83807 shares. The stock had previously closed at $37.75.
Invesco Solar ETF Stock Performance
The firm has a fifty day moving average of $40.53 and a 200-day moving average of $42.08. The stock has a market capitalization of $899.52 million, a price-to-earnings ratio of 9.19 and a beta of 1.81.
Institutional Investors Weigh In On Invesco Solar ETF
Several hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in Invesco Solar ETF during the 2nd quarter valued at $29,000. FinTrust Capital Advisors LLC lifted its stake in shares of Invesco Solar ETF by 77.3% in the first quarter. FinTrust Capital Advisors LLC now owns 2,128 shares of the exchange traded fund’s stock worth $97,000 after acquiring an additional 928 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Invesco Solar ETF in the fourth quarter worth about $290,000. CreativeOne Wealth LLC purchased a new position in Invesco Solar ETF in the first quarter valued at about $249,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Invesco Solar ETF by 360.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,620 shares of the exchange traded fund’s stock valued at $236,000 after purchasing an additional 4,400 shares in the last quarter.
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).
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