Invesco Solar ETF Sees Unusually High Options Volume (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading activity on Monday. Investors acquired 4,087 call options on the company. This represents an increase of approximately 95% compared to the typical volume of 2,101 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in 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 worth $202,000 after purchasing an additional 298 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Invesco Solar ETF by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 8,079 shares of the exchange traded fund’s stock worth $353,000 after buying an additional 303 shares in the last quarter. Verity Asset Management Inc. grew its position in shares of Invesco Solar ETF by 2.6% during the 3rd quarter. Verity Asset Management Inc. now owns 15,167 shares of the exchange traded fund’s stock worth $662,000 after buying an additional 380 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of 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 buying an additional 489 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of 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 in the last quarter.

Invesco Solar ETF Price Performance

Invesco Solar ETF stock opened at $50.13 on Tuesday. The stock has a market cap of $963.00 million, a price-to-earnings ratio of 18.04 and a beta of 1.37. The firm has a 50-day moving average of $48.61 and a two-hundred day moving average of $43.11. Invesco Solar ETF has a 1 year low of $25.53 and a 1 year high of $53.68.

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). The Index is designed to track companies within the business segments of the solar energy industry, which include companies that produce solar power equipment and products for end users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers.