Bank of America Corp DE Decreases Stock Holdings in Invesco Solar ETF (NYSEARCA:TAN)

Bank of America Corp DE decreased its position in Invesco Solar ETF (NYSEARCA:TAN) by 44.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,197 shares of the exchange traded fund’s stock after selling 292,383 shares during the quarter. Bank of America Corp DE owned approximately 1.52% of Invesco Solar ETF worth $12,128,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Union Bancaire Privee UBP SA purchased a new stake in shares of Invesco Solar ETF during the fourth quarter valued at $31,000. Global Retirement Partners LLC increased its stake in shares of Invesco Solar ETF by 48.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 365 shares in the last quarter. IFP Advisors Inc increased 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 purchasing an additional 492 shares in the last quarter. Sava Infond d.o.o. bought a new position in shares of Invesco Solar ETF during the fourth quarter worth $132,000. Finally, Sycomore Asset Management bought a new position in shares of Invesco Solar ETF during the fourth quarter worth $215,000.

Invesco Solar ETF Stock Down 7.4%

TAN stock opened at $31.44 on Friday. The company has a fifty day simple moving average of $30.38 and a two-hundred day simple moving average of $33.05. The firm has a market capitalization of $694.51 million, a P/E ratio of 17.80 and a beta of 1.41. Invesco Solar ETF has a 52 week low of $25.53 and a 52 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).