Vontobel Holding Ltd. Sells 16,459 Shares of Invesco Solar ETF $TAN

Vontobel Holding Ltd. lowered its position in Invesco Solar ETF (NYSEARCA:TAN) by 71.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,450 shares of the exchange traded fund’s stock after selling 16,459 shares during the quarter. 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 also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Invesco Solar ETF by 92.3% during the third 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 during the period. Ayalon Insurance Comp Ltd. grew its position in Invesco Solar ETF by 338.4% during the third quarter. Ayalon Insurance Comp Ltd. now owns 172,300 shares of the exchange traded fund’s stock worth $7,576,000 after buying an additional 133,000 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Invesco Solar ETF by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 31,323 shares of the exchange traded fund’s stock worth $1,853,000 after buying an additional 1,538 shares in the last quarter. IPG Investment Advisors LLC bought a new position in Invesco Solar ETF in the 2nd quarter worth about $202,000. Finally, Integrated Wealth Concepts LLC increased its stake in Invesco Solar ETF by 5.0% in the 2nd 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 during the last quarter.

Invesco Solar ETF Stock Down 2.8%

NYSEARCA:TAN opened at $41.35 on Friday. The business’s 50-day moving average price is $45.90 and its two-hundred day moving average price is $53.93. Invesco Solar ETF has a twelve month low of $40.75 and a twelve month high of $75.60. The stock has a market cap of $867.11 million, a P/E ratio of 18.04 and a beta of 1.41.

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.