Ameriprise Financial Inc. Lowers Position in Invesco Solar ETF (NYSEARCA:TAN)

Ameriprise Financial Inc. cut its stake in Invesco Solar ETF (NYSEARCA:TAN) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,081 shares of the exchange traded fund’s stock after selling 10,724 shares during the quarter. Ameriprise Financial Inc. owned 0.08% of Invesco Solar ETF worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new position in shares of Invesco Solar ETF in the fourth quarter valued at approximately $381,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Invesco Solar ETF in the fourth quarter valued at approximately $44,050,000. Golden State Wealth Management LLC bought a new position in shares of Invesco Solar ETF in the fourth quarter valued at approximately $480,000. Sycomore Asset Management bought a new position in shares of Invesco Solar ETF in the fourth quarter valued at approximately $215,000. Finally, Vontobel Holding Ltd. grew its holdings in shares of Invesco Solar ETF by 31.3% in the fourth quarter. Vontobel Holding Ltd. now owns 22,607 shares of the exchange traded fund’s stock valued at $749,000 after acquiring an additional 5,385 shares in the last quarter.

Invesco Solar ETF Stock Up 4.0%

TAN stock opened at $33.09 on Wednesday. The firm has a market cap of $606.54 million, a PE ratio of 17.80 and a beta of 1.41. The business has a 50 day moving average of $30.36 and a 200-day moving average of $32.78. Invesco Solar ETF has a 12-month low of $25.53 and a 12-month high of $49.93.

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).