Trek Financial LLC Sells 50,079 Shares of Invesco Solar ETF $TAN

Trek Financial LLC reduced its stake in shares of Invesco Solar ETF (NYSEARCA:TAN) by 13.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 320,763 shares of the exchange traded fund’s stock after selling 50,079 shares during the quarter. Invesco Solar ETF comprises about 0.9% of Trek Financial LLC’s holdings, making the stock its 26th largest position. Trek Financial LLC’s holdings in Invesco Solar ETF were worth $15,756,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. grew its stake in shares of Invesco Solar ETF by 62.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 212 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Invesco Solar ETF during the fourth quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Invesco Solar ETF during the fourth quarter valued at approximately $35,000. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco Solar ETF during the fourth quarter valued at approximately $94,000. Finally, Y.D. More Investments Ltd grew its stake in shares of Invesco Solar ETF by 616.7% during the fourth quarter. Y.D. More Investments Ltd now owns 2,150 shares of the exchange traded fund’s stock valued at $106,000 after purchasing an additional 1,850 shares during the last quarter.

Invesco Solar ETF Price Performance

TAN opened at $63.05 on Tuesday. Invesco Solar ETF has a one year low of $30.57 and a one year high of $64.14. The company’s 50 day simple moving average is $56.14 and its 200-day simple moving average is $53.18. The stock has a market capitalization of $1.74 billion, a P/E ratio of 18.04 and a beta of 1.29.

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.