Stifel Financial Corp Sells 330 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Stifel Financial Corp trimmed its holdings in Invesco Solar ETF (NYSEARCA:TAN) by 0.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 55,278 shares of the exchange traded fund’s stock after selling 330 shares during the period. Stifel Financial Corp’s holdings in Invesco Solar ETF were worth $2,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its position in Invesco Solar ETF by 18.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 34,565 shares of the exchange traded fund’s stock valued at $1,390,000 after buying an additional 5,298 shares during the period. Northstar Advisory Group LLC purchased a new stake in shares of Invesco Solar ETF in the second quarter valued at approximately $361,000. Foundations Investment Advisors LLC bought a new position in Invesco Solar ETF in the second quarter worth approximately $786,000. PFG Investments LLC increased its holdings in Invesco Solar ETF by 3.6% during the 2nd quarter. PFG Investments LLC now owns 69,397 shares of the exchange traded fund’s stock worth $2,790,000 after purchasing an additional 2,430 shares during the period. Finally, Wedbush Securities Inc. raised its position in Invesco Solar ETF by 8.6% during the 2nd quarter. Wedbush Securities Inc. now owns 9,322 shares of the exchange traded fund’s stock valued at $375,000 after purchasing an additional 739 shares in the last quarter.

Invesco Solar ETF Trading Down 3.2 %

Shares of TAN stock opened at $33.53 on Thursday. Invesco Solar ETF has a twelve month low of $33.36 and a twelve month high of $54.62. The stock has a fifty day simple moving average of $36.71 and a two-hundred day simple moving average of $40.10. The stock has a market capitalization of $807.74 million, a price-to-earnings ratio of 9.19 and a beta of 1.81.

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).