Invesco Solar ETF (NYSEARCA:TAN) Hits New 1-Year Low – Here’s Why

Invesco Solar ETF (NYSEARCA:TAN) shares hit a new 52-week low on Friday . The stock traded as low as $32.09 and last traded at $32.21, with a volume of 829994 shares. The stock had previously closed at $33.68.

Invesco Solar ETF Trading Down 3.9 %

The firm has a market capitalization of $774.14 million, a PE ratio of 15.42 and a beta of 1.38. The firm has a 50-day moving average of $34.13 and a two-hundred day moving average of $36.98.

Institutional Trading of Invesco Solar ETF

Several large investors have recently added to or reduced their stakes in TAN. Private Advisor Group LLC increased its holdings in Invesco Solar ETF by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 15,329 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 333 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Invesco Solar ETF by 248.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,743 shares of the exchange traded fund’s stock valued at $765,000 after purchasing an additional 12,648 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Invesco Solar ETF by 20.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,084 shares of the exchange traded fund’s stock valued at $478,000 after purchasing an additional 1,868 shares in the last quarter. LMR Partners LLP acquired a new stake in Invesco Solar ETF in the 3rd quarter valued at $747,000. Finally, Nwam LLC acquired a new stake in Invesco Solar ETF in the 3rd quarter valued at $424,000.

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).