Balyasny Asset Management L.P. Sells 318,255 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Balyasny Asset Management L.P. lessened its position in shares of Invesco Solar ETF (NYSEARCA:TAN) by 98.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,360 shares of the exchange traded fund’s stock after selling 318,255 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Invesco Solar ETF were worth $211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Invesco Solar ETF by 14.4% in the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock worth $130,000 after buying an additional 492 shares during the period. Global Retirement Partners LLC increased its holdings in Invesco Solar ETF by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 365 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Invesco Solar ETF by 52.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,282 shares of the exchange traded fund’s stock worth $1,004,000 after acquiring an additional 8,011 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco Solar ETF during the fourth quarter valued at approximately $1,064,000. Finally, Vontobel Holding Ltd. lifted its holdings in Invesco Solar ETF by 31.3% during the fourth quarter. Vontobel Holding Ltd. now owns 22,607 shares of the exchange traded fund’s stock valued at $749,000 after purchasing an additional 5,385 shares in the last quarter.

Invesco Solar ETF Stock Performance

Shares of Invesco Solar ETF stock opened at $35.14 on Monday. The company has a fifty day moving average of $30.30 and a 200 day moving average of $33.14. The company has a market capitalization of $776.24 million, a P/E ratio of 17.80 and a beta of 1.41. Invesco Solar ETF has a fifty-two week low of $25.53 and a fifty-two week high of $49.93.

Invesco Solar ETF 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).