Invesco Solar ETF $TAN Stock Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its stake in Invesco Solar ETF (NYSEARCA:TAN) by 71.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,450 shares of the exchange traded fund’s stock after selling 16,459 shares during the period. Vontobel Holding Ltd.’s holdings in Invesco Solar ETF were worth $284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Invesco Solar ETF by 92.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,143 shares of the exchange traded fund’s stock valued at $182,000 after buying an additional 1,989 shares in the last quarter. Ayalon Insurance Comp Ltd. lifted its holdings in shares of Invesco Solar ETF by 338.4% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 172,300 shares of the exchange traded fund’s stock worth $7,576,000 after acquiring an additional 133,000 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Invesco Solar ETF by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 31,323 shares of the exchange traded fund’s stock worth $1,853,000 after acquiring an additional 1,538 shares in the last quarter. IPG Investment Advisors LLC purchased a new position in Invesco Solar ETF in the second quarter worth $202,000. Finally, Integrated Wealth Concepts LLC grew its position in Invesco Solar ETF by 5.0% in the second quarter. Integrated Wealth Concepts LLC now owns 7,090 shares of the exchange traded fund’s stock worth $419,000 after acquiring an additional 339 shares in the last quarter.

Invesco Solar ETF Stock Down 2.8%

TAN opened at $41.35 on Friday. The stock has a market cap of $867.11 million, a PE ratio of 18.04 and a beta of 1.41. Invesco Solar ETF has a 52 week low of $40.75 and a 52 week high of $75.60. The business’s fifty day simple moving average is $45.90 and its 200 day simple moving average is $53.93.

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). 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.