Envestnet Asset Management Inc. Has $577,000 Stock Position in Invesco Solar ETF (NYSEARCA:TAN)

Envestnet Asset Management Inc. cut its holdings in shares of Invesco Solar ETF (NYSEARCA:TAN) by 77.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,412 shares of the exchange traded fund’s stock after selling 60,765 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Invesco Solar ETF worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new position in Invesco Solar ETF in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC raised its position in shares of Invesco Solar ETF by 48.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 365 shares during the last quarter. IFP Advisors Inc raised its position in shares of Invesco Solar ETF by 14.4% during the 4th quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock valued at $130,000 after acquiring an additional 492 shares during the last quarter. Sava Infond d.o.o. acquired a new position in shares of Invesco Solar ETF in the 4th quarter valued at $132,000. Finally, Sycomore Asset Management bought a new position in shares of Invesco Solar ETF in the 4th quarter worth $215,000.

Invesco Solar ETF Stock Up 1.9 %

Shares of Invesco Solar ETF stock opened at $29.35 on Friday. Invesco Solar ETF has a 12 month low of $25.53 and a 12 month high of $49.93. The business has a fifty day simple moving average of $30.36 and a 200 day simple moving average of $33.56. The stock has a market cap of $660.08 million, a PE ratio of 15.60 and a beta of 1.42.

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).