Invesco Solar ETF (NYSEARCA:TAN) Sets New 12-Month Low – Time to Sell?

Shares of Invesco Solar ETF (NYSEARCA:TAN) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $33.36 and last traded at $33.62, with a volume of 795229 shares changing hands. The stock had previously closed at $34.63.

Invesco Solar ETF Price Performance

The stock’s fifty day simple moving average is $36.59 and its 200-day simple moving average is $40.04. The stock has a market cap of $807.98 million, a P/E ratio of 9.19 and a beta of 1.81.

Institutional Trading of Invesco Solar ETF

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Invesco Solar ETF in the 2nd quarter worth approximately $713,000. Foundations Investment Advisors LLC acquired a new stake in Invesco Solar ETF during the second quarter worth about $786,000. Private Advisor Group LLC increased its stake in Invesco Solar ETF by 2.2% during the third quarter. Private Advisor Group LLC now owns 15,329 shares of the exchange traded fund’s stock valued at $661,000 after acquiring an additional 333 shares during the period. National Bank of Canada FI raised its holdings in Invesco Solar ETF by 203.3% in the 3rd quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock valued at $19,305,000 after acquiring an additional 300,149 shares in the last quarter. Finally, Scientech Research LLC acquired a new stake in shares of Invesco Solar ETF during the 2nd quarter worth approximately $262,000.

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).