Corient Private Wealth LLC Purchases New Shares in Invesco Solar ETF $TAN

Corient Private Wealth LLC acquired a new stake in shares of Invesco Solar ETF (NYSEARCA:TAN) during the second quarter, HoldingsChannel reports. The fund acquired 16,039 shares of the exchange traded fund’s stock, valued at approximately $550,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Invesco Solar ETF by 133.3% in the 2nd quarter. Allworth Financial LP now owns 875 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 500 shares during the period. Johnson Financial Group Inc. bought a new position in Invesco Solar ETF in the second quarter worth about $39,000. Ameritas Advisory Services LLC purchased a new stake in Invesco Solar ETF in the second quarter worth about $44,000. Kilter Group LLC purchased a new stake in Invesco Solar ETF in the second quarter worth about $219,000. Finally, Wealthfront Advisers LLC boosted its position in Invesco Solar ETF by 9.7% during the 2nd quarter. Wealthfront Advisers LLC now owns 8,154 shares of the exchange traded fund’s stock valued at $279,000 after acquiring an additional 722 shares in the last quarter.

Invesco Solar ETF Stock Performance

TAN stock opened at $50.83 on Monday. Invesco Solar ETF has a fifty-two week low of $25.53 and a fifty-two week high of $53.68. The company has a market capitalization of $976.44 million, a price-to-earnings ratio of 18.04 and a beta of 1.37. The business’s 50 day moving average price is $48.55 and its two-hundred day moving average price is $43.00.

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.