Invesco Solar ETF $TAN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Invesco Solar ETF (NYSEARCA:TAN) by 95.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,290 shares of the exchange traded fund’s stock after selling 83,233 shares during the period. SG Americas Securities LLC’s holdings in Invesco Solar ETF were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Purpose Unlimited Inc. purchased a new stake in Invesco Solar ETF during the 4th quarter valued at about $522,000. Sankala Group LLC purchased a new stake in Invesco Solar ETF in the fourth quarter valued at approximately $72,000. Mercer Global Advisors Inc. ADV purchased a new stake in Invesco Solar ETF in the fourth quarter valued at approximately $1,089,000. Obsidian Cio LLC acquired a new position in Invesco Solar ETF in the 4th quarter worth approximately $155,000. Finally, Balyasny Asset Management L.P. increased its holdings in Invesco Solar ETF by 143.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 40,717 shares of the exchange traded fund’s stock worth $2,000,000 after buying an additional 134,226 shares during the period.

Invesco Solar ETF Trading Up 0.0%

Shares of NYSEARCA TAN opened at $54.96 on Friday. Invesco Solar ETF has a 12 month low of $35.98 and a 12 month high of $75.60. The company has a 50 day simple moving average of $62.11 and a two-hundred day simple moving average of $57.44. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 18.04 and a beta of 1.38.

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.