BW Gestao de Investimentos Ltda. Takes Position in Invesco Solar ETF $TAN

BW Gestao de Investimentos Ltda. purchased a new stake in Invesco Solar ETF (NYSEARCA:TAN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 233,843 shares of the exchange traded fund’s stock, valued at approximately $11,486,000.

A number of other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its stake in shares of Invesco Solar ETF by 62.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 212 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Invesco Solar ETF in the fourth quarter worth $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Invesco Solar ETF in the fourth quarter valued at $35,000. AlphaCore Capital LLC acquired a new position in Invesco Solar ETF in the fourth quarter valued at $70,000. Finally, Operose Advisors LLC acquired a new position in Invesco Solar ETF in the fourth quarter valued at $88,000.

Invesco Solar ETF Stock Down 3.8%

TAN stock opened at $71.13 on Tuesday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 18.04 and a beta of 1.29. Invesco Solar ETF has a 12-month low of $31.40 and a 12-month high of $75.60. The company’s fifty day simple moving average is $59.42 and its 200 day simple moving average is $55.00.

About Invesco Solar ETF

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.