Invesco Solar ETF (NYSEARCA:TAN) Hits New 1-Year Low – Here’s What Happened

Invesco Solar ETF (NYSEARCA:TANGet Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $36.08 and last traded at $36.13, with a volume of 479563 shares traded. The stock had previously closed at $37.58.

Invesco Solar ETF Stock Down 4.1 %

The firm has a market cap of $868.20 million, a PE ratio of 9.19 and a beta of 1.81. The company has a 50-day simple moving average of $39.82 and a two-hundred day simple moving average of $41.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of Invesco Solar ETF in the second quarter worth about $29,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Invesco Solar ETF by 360.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,620 shares of the exchange traded fund’s stock valued at $236,000 after buying an additional 4,400 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Invesco Solar ETF during the 1st quarter valued at $249,000. Bank Hapoalim BM purchased a new stake in shares of Invesco Solar ETF during the third quarter worth $255,000. Finally, Scientech Research LLC bought a new position in shares of Invesco Solar ETF in the second quarter worth $262,000.

Invesco Solar ETF Company Profile

(Get Free Report)

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).

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