Wealth High Governance Asset Management Ltda. Cuts Holdings in Invesco Solar ETF $TAN

Wealth High Governance Asset Management Ltda. decreased its position in Invesco Solar ETF (NYSEARCA:TAN) by 53.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,845 shares of the exchange traded fund’s stock after selling 70,469 shares during the quarter. Wealth High Governance Asset Management Ltda. owned 0.22% of Invesco Solar ETF worth $3,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC purchased a new stake in Invesco Solar ETF during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. boosted 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 period. Parallel Advisors LLC purchased a new stake in Invesco Solar ETF in the 4th quarter valued at about $28,000. Assetmark Inc. bought a new position in Invesco Solar ETF in the fourth quarter worth approximately $29,000. Finally, NFSG Corp purchased a new position in shares of Invesco Solar ETF during the first quarter valued at $56,000.

Invesco Solar ETF Stock Performance

NYSEARCA TAN opened at $49.33 on Monday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.04 and a beta of 1.38. The company’s 50-day simple moving average is $59.05 and its two-hundred day simple moving average is $57.66. Invesco Solar ETF has a one year low of $35.98 and a one year high of $75.60.

Invesco Solar ETF Company 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.