Mutual Advisors LLC Cuts Holdings in Invesco Solar ETF $TAN

Mutual Advisors LLC decreased its position in shares of Invesco Solar ETF (NYSEARCA:TAN) by 14.0% in the second quarter, HoldingsChannel reports. The firm owned 7,001 shares of the exchange traded fund’s stock after selling 1,136 shares during the quarter. Mutual Advisors LLC’s holdings in Invesco Solar ETF were worth $240,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new position in shares of Invesco Solar ETF during the first quarter valued at about $28,000. Proffitt & Goodson Inc. grew its position in shares of Invesco Solar ETF by 113.6% during the first quarter. Proffitt & Goodson Inc. now owns 1,132 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 602 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Invesco Solar ETF during the second quarter valued at about $44,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco Solar ETF during the first quarter valued at about $49,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Invesco Solar ETF during the first quarter valued at about $53,000.

Invesco Solar ETF Stock Down 0.9%

Shares of Invesco Solar ETF stock opened at $46.81 on Wednesday. The firm has a market cap of $884.24 million, a price-to-earnings ratio of 18.04 and a beta of 1.36. The business has a 50-day moving average price of $43.28 and a 200-day moving average price of $36.87. Invesco Solar ETF has a twelve month low of $25.53 and a twelve month high of $49.60.

Invesco Solar ETF Company 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).