Decker Retirement Planning Inc. acquired a new position in shares of Invesco Solar ETF (NYSEARCA:TAN – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 174,929 shares of the exchange traded fund’s stock, valued at approximately $9,745,000. Invesco Solar ETF makes up 4.4% of Decker Retirement Planning Inc.’s holdings, making the stock its 4th biggest holding. Decker Retirement Planning Inc. owned approximately 0.65% of Invesco Solar ETF as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Solar ETF by 95,252.0% in 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 buying an additional 4,418,741 shares during the period. Wealth High Governance Capital Ltda acquired a new position in shares of Invesco Solar ETF during the fourth quarter valued at $17,986,000. Millennium Management LLC bought a new position in Invesco Solar ETF in the third quarter valued at about $14,901,000. JPMorgan Chase & Co. boosted its holdings in Invesco Solar ETF by 513.4% in the fourth 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 during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in Invesco Solar ETF in the fourth quarter worth about $11,486,000.
Invesco Solar ETF Trading Down 0.5%
Shares of NYSEARCA:TAN opened at $57.87 on Friday. Invesco Solar ETF has a 1-year low of $33.72 and a 1-year high of $75.60. The stock has a market capitalization of $1.59 billion, a P/E ratio of 18.04 and a beta of 1.36. The business has a 50-day moving average price of $62.13 and a two-hundred day moving average price of $56.86.
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.
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