Invesco Solar ETF (NYSEARCA:TAN) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Invesco Solar ETF (NYSEARCA:TAN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $48.08 and traded as high as $48.18. Invesco Solar ETF shares last traded at $47.79, with a volume of 616,239 shares.

Invesco Solar ETF Trading Up 0.5%

The stock has a market capitalization of $918.05 million, a PE ratio of 18.04 and a beta of 1.37. The business has a fifty day moving average price of $48.08 and a 200-day moving average price of $42.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TAN. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Solar ETF by 6.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 4,639 shares of the exchange traded fund’s stock valued at $202,000 after buying an additional 298 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Invesco Solar ETF by 3.9% during the third quarter. Integrated Wealth Concepts LLC now owns 8,079 shares of the exchange traded fund’s stock worth $353,000 after acquiring an additional 303 shares during the period. Verity Asset Management Inc. raised its position in Invesco Solar ETF by 2.6% during the third quarter. Verity Asset Management Inc. now owns 15,167 shares of the exchange traded fund’s stock valued at $662,000 after acquiring an additional 380 shares in the last quarter. Ameriprise Financial Inc. raised its position in Invesco Solar ETF by 3.3% during the third quarter. Ameriprise Financial Inc. now owns 15,109 shares of the exchange traded fund’s stock valued at $659,000 after acquiring an additional 489 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Invesco Solar ETF by 133.3% in the second quarter. Allworth Financial LP now owns 875 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 500 shares during the period.

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).