Invesco Solar ETF (NYSEARCA:TAN) Hits New 12-Month Low – Here’s Why

Invesco Solar ETF (NYSEARCA:TAN)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $29.76 and last traded at $30.24, with a volume of 96378 shares changing hands. The stock had previously closed at $31.01.

Invesco Solar ETF Stock Up 1.1 %

The stock has a market cap of $732.12 million, a price-to-earnings ratio of 16.82 and a beta of 1.42. The stock has a 50 day simple moving average of $33.11 and a 200 day simple moving average of $35.65.

Institutional Trading of Invesco Solar ETF

Several hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Invesco Solar ETF during the 4th quarter worth approximately $44,050,000. National Bank of Canada FI boosted its position in shares of Invesco Solar ETF by 203.3% during the third quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock valued at $19,305,000 after buying an additional 300,149 shares during the last quarter. OLD Mission Capital LLC bought a new stake in Invesco Solar ETF during the fourth quarter worth $3,166,000. GTS Securities LLC raised its position in Invesco Solar ETF by 222.9% in the 4th quarter. GTS Securities LLC now owns 28,074 shares of the exchange traded fund’s stock valued at $930,000 after buying an additional 50,921 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in Invesco Solar ETF during the 4th quarter valued at $1,461,000.

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).