Wealth High Governance Asset Management Ltda. Decreases Position in Invesco Solar ETF $TAN

Wealth High Governance Asset Management Ltda. cut its holdings in Invesco Solar ETF (NYSEARCA:TAN) by 53.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 61,845 shares of the exchange traded fund’s stock after selling 70,469 shares during the quarter. Wealth High Governance Asset Management Ltda.’s holdings in Invesco Solar ETF were worth $3,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TAN. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Solar ETF by 95,252.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,423,380 shares of the exchange traded fund’s stock worth $217,276,000 after purchasing an additional 4,418,741 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco Solar ETF during the first quarter worth approximately $99,186,000. Wealth High Governance Capital Ltda purchased a new position in shares of Invesco Solar ETF during the 4th quarter valued at approximately $17,986,000. Millennium Management LLC acquired a new stake in shares of Invesco Solar ETF in the third quarter valued at about $14,901,000. Finally, JPMorgan Chase & Co. boosted its holdings in Invesco Solar ETF by 513.4% in the 4th quarter. JPMorgan Chase & Co. now owns 359,238 shares of the exchange traded fund’s stock worth $17,646,000 after buying an additional 300,669 shares during the last quarter.

Invesco Solar ETF Stock Performance

Shares of TAN opened at $49.33 on Monday. Invesco Solar ETF has a one year low of $35.98 and a one year high of $75.60. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.04 and a beta of 1.38. The stock has a 50 day moving average price of $59.05 and a 200 day moving average price of $57.66.

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.