Purpose Unlimited Inc. Acquires Shares of 10,657 Invesco Solar ETF $TAN

Purpose Unlimited Inc. acquired a new position in shares of Invesco Solar ETF (NYSEARCA:TAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,657 shares of the exchange traded fund’s stock, valued at approximately $522,000.

Several other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new position in shares of Invesco Solar ETF during the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. increased its stake in Invesco Solar ETF by 62.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 212 shares during the last quarter. Parallel Advisors LLC purchased a new stake in Invesco Solar ETF in the 4th quarter valued at about $28,000. Assetmark Inc. bought a new position in shares of Invesco Solar ETF during the 4th quarter worth approximately $29,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Invesco Solar ETF in the 4th quarter worth approximately $35,000.

Invesco Solar ETF Stock Performance

Shares of TAN opened at $60.58 on Monday. The stock has a 50 day moving average of $61.82 and a 200 day moving average of $56.54. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 18.04 and a beta of 1.36. Invesco Solar ETF has a 12 month low of $31.59 and a 12 month high of $75.60.

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.