Purpose Unlimited Inc. Purchases New Stake in Invesco Solar ETF $TAN

Purpose Unlimited Inc. purchased a new stake in shares of Invesco Solar ETF (NYSEARCA:TAN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,657 shares of the exchange traded fund’s stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TAN. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco Solar ETF by 95,252.0% in the fourth 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 buying an additional 4,418,741 shares in the last quarter. Citigroup Inc. raised 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 stake in shares of Invesco Solar ETF in the 4th quarter worth about $17,986,000. Millennium Management LLC bought a new position in Invesco Solar ETF in the 3rd quarter valued at about $14,901,000. Finally, JPMorgan Chase & Co. lifted its position 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 valued at $17,646,000 after acquiring an additional 300,669 shares in the last quarter.

Invesco Solar ETF Stock Performance

TAN stock opened at $60.58 on Monday. The company has a market capitalization of $1.67 billion, a P/E ratio of 18.04 and a beta of 1.36. Invesco Solar ETF has a 52-week low of $31.59 and a 52-week high of $75.60. The business has a 50-day simple moving average of $61.82 and a two-hundred day simple moving average of $56.54.

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.