FormulaFolio Investments LLC purchased a new position in Invesco Solar ETF (NYSEARCA:TAN) in the fourth quarter, Holdings Channel reports. The fund purchased 6,736 shares of the exchange traded fund’s stock, valued at approximately $692,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Invesco Solar ETF in the 4th quarter worth about $226,000. Cetera Investment Advisers acquired a new position in shares of Invesco Solar ETF during the fourth quarter valued at approximately $4,055,000. Washburn Capital Management Inc. acquired a new position in shares of Invesco Solar ETF during the fourth quarter valued at approximately $412,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its holdings in shares of Invesco Solar ETF by 4.5% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 289,055 shares of the exchange traded fund’s stock valued at $29,703,000 after acquiring an additional 12,535 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Invesco Solar ETF during the fourth quarter valued at approximately $6,011,000.
Shares of Invesco Solar ETF stock opened at $86.48 on Thursday. The business has a 50 day simple moving average of $94.95 and a two-hundred day simple moving average of $90.77. Invesco Solar ETF has a 12 month low of $26.59 and a 12 month high of $125.98.
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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