Baker Avenue Asset Management LP Buys Shares of 10,680 Invesco Solar ETF $TAN

Baker Avenue Asset Management LP bought a new stake in shares of Invesco Solar ETF (NYSEARCA:TAN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,680 shares of the exchange traded fund’s stock, valued at approximately $525,000.

Several other hedge funds also recently modified their holdings of TAN. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Solar ETF by 95,252.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,423,380 shares of the exchange traded fund’s stock valued at $217,276,000 after purchasing an additional 4,418,741 shares during the period. Citigroup Inc. grew its holdings in shares of Invesco Solar ETF by 719.1% in the 3rd 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 during the last quarter. Wealth High Governance Capital Ltda acquired a new position in shares of Invesco Solar ETF in the 4th quarter worth $17,986,000. Millennium Management LLC purchased a new position in shares of Invesco Solar ETF during the third quarter valued at $14,901,000. Finally, LMR Partners LLP purchased a new stake in Invesco Solar ETF in the 2nd quarter worth about $6,252,000.

Invesco Solar ETF Trading Up 2.8%

Shares of Invesco Solar ETF stock opened at $73.93 on Friday. The stock has a 50-day moving average price of $59.14 and a 200 day moving average price of $54.85. The company has a market cap of $2.04 billion, a P/E ratio of 18.04 and a beta of 1.29. Invesco Solar ETF has a 1 year low of $31.40 and a 1 year high of $75.60.

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). 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.