SG Americas Securities LLC Has $4.30 Million Position in Invesco Solar ETF $TAN

SG Americas Securities LLC lifted its stake in Invesco Solar ETF (NYSEARCA:TAN) by 516.1% during the fourth quarter, HoldingsChannel reports. The fund owned 87,523 shares of the exchange traded fund’s stock after purchasing an additional 73,318 shares during the quarter. SG Americas Securities LLC’s holdings in Invesco Solar ETF were worth $4,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Citigroup Inc. raised its holdings in shares of Invesco Solar ETF by 719.1% during the third quarter. Citigroup Inc. now owns 887,670 shares of the exchange traded fund’s stock worth $38,729,000 after acquiring an additional 779,301 shares in the last quarter. Trek Financial LLC purchased a new position in Invesco Solar ETF in the third quarter valued at about $16,180,000. Millennium Management LLC purchased a new position in Invesco Solar ETF in the third quarter valued at about $14,901,000. Goldman Sachs Group Inc. increased its position in Invesco Solar ETF by 72.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 265,917 shares of the exchange traded fund’s stock worth $8,100,000 after purchasing an additional 111,322 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Invesco Solar ETF during the 2nd quarter worth about $6,252,000.

Invesco Solar ETF Price Performance

Shares of Invesco Solar ETF stock opened at $56.27 on Thursday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 18.04 and a beta of 1.37. Invesco Solar ETF has a 52-week low of $25.53 and a 52-week high of $61.03. The stock has a 50-day simple moving average of $56.42 and a 200-day simple moving average of $50.98.

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). 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.