Pekin Hardy Strauss Inc. Purchases 14,733 Shares of Invesco Solar ETF $TAN

by · The Markets Daily

Pekin Hardy Strauss Inc. purchased a new stake in shares of Invesco Solar ETF (NYSEARCA:TAN – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,733 shares of the exchange traded fund’s stock, valued at approximately $648,000. Pekin Hardy Strauss Inc. owned 0.07% of Invesco Solar ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Invesco Solar ETF in the first quarter worth about $99,186,000. Bank of America Corp DE boosted its holdings in Invesco Solar ETF by 9.5% during the 1st quarter. Bank of America Corp DE now owns 325,356 shares of the exchange traded fund’s stock valued at $18,126,000 after acquiring an additional 28,203 shares during the period. Ayalon Insurance Comp Ltd. boosted its holdings in Invesco Solar ETF by 338.4% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 172,300 shares of the exchange traded fund’s stock valued at $7,576,000 after acquiring an additional 133,000 shares during the period. Royal Bank of Canada grew its position in Invesco Solar ETF by 5.8% during the 1st quarter. Royal Bank of Canada now owns 99,308 shares of the exchange traded fund’s stock worth $5,533,000 after acquiring an additional 5,443 shares during the last quarter. Finally, Nwam LLC grew its position in Invesco Solar ETF by 65.0% during the 1st quarter. Nwam LLC now owns 90,588 shares of the exchange traded fund’s stock worth $5,047,000 after acquiring an additional 35,689 shares during the last quarter.

Invesco Solar ETF Price Performance

Invesco Solar ETF stock traded up $1.49 during trading hours on Friday, reaching $45.58. The company had a trading volume of 2,922,611 shares, compared to its average volume of 1,326,631. Invesco Solar ETF has a 12-month low of $39.56 and a 12-month high of $75.60. The company has a 50-day moving average price of $44.33 and a 200 day moving average price of $53.82. The firm has a market cap of $988.63 million, a price-to-earnings ratio of 18.04 and a beta of 1.34.

Invesco Solar ETF Profile

(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). 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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