Watershed Asset Management L.L.C. Purchases New Shares in Invesco Solar ETF $TAN

Watershed Asset Management L.L.C. acquired a new stake in shares of Invesco Solar ETF (NYSEARCA:TAN) in the 1st quarter, Holdings Channel reports. The firm acquired 36,000 shares of the exchange traded fund’s stock, valued at approximately $2,006,000. Invesco Solar ETF accounts for about 2.1% of Watershed Asset Management L.L.C.’s holdings, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in Invesco Solar ETF by 72.0% in the first quarter. Goldman Sachs Group Inc. now owns 265,917 shares of the exchange traded fund’s stock worth $8,100,000 after acquiring an additional 111,322 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco Solar ETF by 350.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 132,780 shares of the exchange traded fund’s stock valued at $4,549,000 after buying an additional 103,322 shares during the period. Cerity Partners LLC raised its holdings in Invesco Solar ETF by 97.2% during the 2nd quarter. Cerity Partners LLC now owns 13,023 shares of the exchange traded fund’s stock valued at $478,000 after buying an additional 6,419 shares during the period. LMR Partners LLP bought a new stake in Invesco Solar ETF in the second quarter worth $6,252,000. Finally, Corient Private Wealth LLC bought a new stake in Invesco Solar ETF in the second quarter worth $562,000.

Invesco Solar ETF Stock Down 0.5%

NYSEARCA TAN opened at $53.90 on Friday. Invesco Solar ETF has a 52 week low of $35.98 and a 52 week high of $75.60. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 18.04 and a beta of 1.38. The company has a fifty day moving average of $61.52 and a two-hundred day moving average of $57.56.

Invesco Solar ETF Profile

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). The Index is designed to track companies within the business segments of the solar energy industry, which include companies that produce solar power equipment and products for end users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers.