Envestnet Asset Management Inc. Sells 662 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Envestnet Asset Management Inc. decreased its stake in shares of Invesco Solar ETF (NYSEARCA:TAN) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,750 shares of the exchange traded fund’s stock after selling 662 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Invesco Solar ETF worth $510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garde Capital Inc. bought a new position in Invesco Solar ETF during the first quarter valued at approximately $30,000. Proffitt & Goodson Inc. raised its position in Invesco Solar ETF by 113.6% in the first quarter. Proffitt & Goodson Inc. now owns 1,132 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 602 shares during the period. NBC Securities Inc. raised its position in Invesco Solar ETF by 116,000.0% in the first quarter. NBC Securities Inc. now owns 1,161 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 1,160 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Invesco Solar ETF in the first quarter worth approximately $49,000. Finally, Olde Wealth Management LLC bought a new position in Invesco Solar ETF in the first quarter worth approximately $53,000.

Invesco Solar ETF Trading Down 0.6%

TAN opened at $36.46 on Wednesday. Invesco Solar ETF has a 1-year low of $25.53 and a 1-year high of $43.79. The company has a market capitalization of $636.15 million, a PE ratio of 18.04 and a beta of 1.36. The firm’s 50 day simple moving average is $35.77 and its two-hundred day simple moving average is $33.17.

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).