Invesco Solar ETF (NYSEARCA:TAN) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in Invesco Solar ETF (NYSEARCA:TAN) by 18.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,565 shares of the exchange traded fund’s stock after buying an additional 5,298 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.14% of Invesco Solar ETF worth $1,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Avantax Advisory Services Inc. increased its holdings in shares of Invesco Solar ETF by 27.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,861 shares of the exchange traded fund’s stock worth $579,000 after buying an additional 2,309 shares during the last quarter. Private Advisor Group LLC raised its position in Invesco Solar ETF by 1.5% in the fourth quarter. Private Advisor Group LLC now owns 133,597 shares of the exchange traded fund’s stock valued at $7,127,000 after purchasing an additional 1,992 shares during the period. Verity Asset Management Inc. lifted its stake in shares of Invesco Solar ETF by 5.5% in the 4th quarter. Verity Asset Management Inc. now owns 11,149 shares of the exchange traded fund’s stock valued at $595,000 after purchasing an additional 577 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of Invesco Solar ETF during the 4th quarter worth $101,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Invesco Solar ETF by 0.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 61,502 shares of the exchange traded fund’s stock worth $3,281,000 after purchasing an additional 502 shares during the last quarter.

Invesco Solar ETF Trading Up 1.1 %

Shares of TAN opened at $40.27 on Thursday. The firm has a market cap of $969.98 million, a P/E ratio of 9.19 and a beta of 1.81. The company’s 50-day moving average price is $41.02 and its 200 day moving average price is $42.88. Invesco Solar ETF has a 12-month low of $37.42 and a 12-month high of $58.53.

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).