NTV Asset Management LLC Takes Position in Invesco Solar ETF $TAN

NTV Asset Management LLC acquired a new position in shares of Invesco Solar ETF (NYSEARCA:TAN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 74,880 shares of the exchange traded fund’s stock, valued at approximately $3,678,000.

Several other hedge funds have also modified their holdings of the stock. Citigroup Inc. grew its holdings in Invesco Solar ETF by 719.1% in the third quarter. Citigroup Inc. now owns 887,670 shares of the exchange traded fund’s stock valued at $38,729,000 after purchasing an additional 779,301 shares during the period. Trek Financial LLC purchased a new position in Invesco Solar ETF during the third quarter worth approximately $16,180,000. Millennium Management LLC acquired a new position in shares of Invesco Solar ETF in the 3rd quarter valued at $14,901,000. LMR Partners LLP acquired a new position in shares of Invesco Solar ETF in the 2nd quarter valued at $6,252,000. Finally, Florin Court Capital LLP purchased a new stake in shares of Invesco Solar ETF during the 3rd quarter valued at $5,135,000.

Invesco Solar ETF Price Performance

TAN stock opened at $54.85 on Friday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 18.04 and a beta of 1.37. The business has a fifty day simple moving average of $56.43 and a 200-day simple moving average of $51.09. Invesco Solar ETF has a 52 week low of $25.53 and a 52 week high of $61.03.

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.