Invesco Solar ETF (NYSEARCA:TAN) Shares Gap Down to $44.50

Invesco Solar ETF (NYSEARCA:TAN)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $44.50, but opened at $42.70. Invesco Solar ETF shares last traded at $41.94, with a volume of 219,569 shares.

Invesco Solar ETF Price Performance

The company’s fifty day simple moving average is $44.17 and its 200-day simple moving average is $44.19. The firm has a market capitalization of $1.01 billion, a PE ratio of 9.19 and a beta of 1.81.

Hedge Funds Weigh In On Invesco Solar ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Greenwich Wealth Management LLC grew its holdings in shares of Invesco Solar ETF by 0.7% during the fourth quarter. Greenwich Wealth Management LLC now owns 38,157 shares of the exchange traded fund’s stock valued at $2,036,000 after buying an additional 256 shares during the last quarter. RPG Investment Advisory LLC boosted its holdings in Invesco Solar ETF by 8.2% in the fourth quarter. RPG Investment Advisory LLC now owns 5,069 shares of the exchange traded fund’s stock valued at $270,000 after purchasing an additional 385 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in Invesco Solar ETF by 9.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,286 shares of the exchange traded fund’s stock valued at $282,000 after purchasing an additional 443 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Invesco Solar ETF by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 61,502 shares of the exchange traded fund’s stock worth $3,281,000 after acquiring an additional 502 shares during the period. Finally, Allworth Financial LP raised its position in shares of Invesco Solar ETF by 52.5% in the fourth quarter. Allworth Financial LP now owns 1,580 shares of the exchange traded fund’s stock worth $84,000 after acquiring an additional 544 shares during the period.

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).