JPMorgan Chase & Co. Has $2.56 Million Stock Holdings in Invesco Solar ETF $TAN

JPMorgan Chase & Co. trimmed its holdings in Invesco Solar ETF (NYSEARCA:TAN) by 55.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,569 shares of the exchange traded fund’s stock after selling 74,211 shares during the period. JPMorgan Chase & Co. owned about 0.30% of Invesco Solar ETF worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Investment Advisors LLC acquired a new stake in shares of Invesco Solar ETF in the 3rd quarter worth about $491,000. Florin Court Capital LLP acquired a new position in Invesco Solar ETF during the 3rd quarter valued at about $5,135,000. Citigroup Inc. boosted its stake in Invesco Solar ETF by 719.1% during the 3rd quarter. Citigroup Inc. now owns 887,670 shares of the exchange traded fund’s stock valued at $38,729,000 after purchasing an additional 779,301 shares during the last quarter. Black Swift Group LLC bought a new stake in Invesco Solar ETF during the 3rd quarter worth approximately $3,657,000. Finally, Corient Private Wealth LLC bought a new stake in Invesco Solar ETF during the 2nd quarter worth approximately $550,000.

Invesco Solar ETF Price Performance

Shares of Invesco Solar ETF stock opened at $54.85 on Monday. Invesco Solar ETF has a 52 week low of $25.53 and a 52 week high of $61.03. The business has a 50 day moving average price of $56.43 and a 200-day moving average price of $51.21. The company has a market cap of $1.47 billion, a PE ratio of 18.04 and a beta of 1.37.

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). 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.