Meitav Investment House Ltd. Invests $3.89 Million in Invesco Solar ETF $TAN

Meitav Investment House Ltd. purchased a new position in Invesco Solar ETF (NYSEARCA:TAN) during the first quarter, HoldingsChannel reports. The firm purchased 69,810 shares of the exchange traded fund’s stock, valued at approximately $3,888,000.

Several other institutional investors also recently added to or reduced their stakes in TAN. CIBC Private Wealth Group LLC purchased a new stake in Invesco Solar ETF in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. grew its stake in Invesco Solar ETF by 62.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 212 shares in the last quarter. Parallel Advisors LLC purchased a new position in shares of Invesco Solar ETF during the fourth quarter worth approximately $28,000. Assetmark Inc. purchased a new position in shares of Invesco Solar ETF during the fourth quarter worth approximately $29,000. Finally, 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.

Invesco Solar ETF Trading Down 5.8%

Shares of NYSEARCA TAN traded down $3.32 during trading hours on Tuesday, reaching $54.22. The stock had a trading volume of 423,492 shares, compared to its average volume of 1,418,458. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 18.04 and a beta of 1.38. The business’s fifty day moving average price is $62.35 and its two-hundred day moving average price is $57.32. Invesco Solar ETF has a 52-week low of $35.98 and a 52-week high of $75.60.

About Invesco Solar ETF

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.