Foundations Investment Advisors LLC Makes New Investment in Invesco Solar ETF $TAN

Foundations Investment Advisors LLC purchased a new position in Invesco Solar ETF (NYSEARCA:TAN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,882 shares of the exchange traded fund’s stock, valued at approximately $1,173,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in Invesco Solar ETF by 62.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 212 shares in the last quarter. Assetmark Inc. bought a new position in Invesco Solar ETF in the fourth quarter worth approximately $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in Invesco Solar ETF in the fourth quarter worth approximately $35,000. AlphaCore Capital LLC bought a new position in Invesco Solar ETF in the fourth quarter worth approximately $70,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Invesco Solar ETF in the fourth quarter valued at approximately $94,000.

Invesco Solar ETF Stock Up 2.8%

TAN stock opened at $73.93 on Friday. Invesco Solar ETF has a twelve month low of $31.40 and a twelve month high of $75.60. The stock’s 50 day moving average is $59.14 and its 200-day moving average is $54.85. The firm has a market capitalization of $2.04 billion, a PE ratio of 18.04 and a beta of 1.29.

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.