Florin Court Capital LLP Has $2.78 Million Stock Holdings in Invesco Solar ETF $TAN

Florin Court Capital LLP cut its stake in Invesco Solar ETF (NYSEARCA:TAN) by 52.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,500 shares of the exchange traded fund’s stock after selling 61,200 shares during the period. Invesco Solar ETF makes up about 3.9% of Florin Court Capital LLP’s portfolio, making the stock its 13th biggest holding. Florin Court Capital LLP owned approximately 0.22% of Invesco Solar ETF worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stephens Inc. AR acquired a new position in Invesco Solar ETF in the 4th quarter valued at $204,000. AlphaCore Capital LLC acquired a new position in Invesco Solar ETF in the 4th quarter valued at $70,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Solar ETF by 95,252.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,423,380 shares of the exchange traded fund’s stock valued at $217,276,000 after acquiring an additional 4,418,741 shares in the last quarter. WHI TRUST Co LLC bought a new position in shares of Invesco Solar ETF in the 4th quarter valued at $121,000. Finally, West Tower Group LLC bought a new position in shares of Invesco Solar ETF in the 4th quarter valued at $270,000.

Invesco Solar ETF Stock Performance

Shares of TAN opened at $64.96 on Friday. Invesco Solar ETF has a 52-week low of $30.57 and a 52-week high of $65.50. The business’s fifty day moving average is $56.83 and its 200-day moving average is $53.61. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 18.04 and a beta of 1.29.

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). 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.