Hilltop Holdings Inc. Buys New Holdings in Invesco Solar ETF $TAN

Hilltop Holdings Inc. purchased a new position in shares of Invesco Solar ETF (NYSEARCA:TAN) during the first quarter, HoldingsChannel reports. The firm purchased 45,925 shares of the exchange traded fund’s stock, valued at approximately $2,558,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Invesco Solar ETF by 95,252.0% in the fourth 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 during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco Solar ETF during the first quarter worth approximately $99,186,000. Wealth High Governance Capital Ltda acquired a new position in shares of Invesco Solar ETF during the fourth quarter worth approximately $17,986,000. Millennium Management LLC bought a new position in shares of Invesco Solar ETF in the 3rd quarter worth $14,901,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Invesco Solar ETF by 513.4% in the 4th quarter. JPMorgan Chase & Co. now owns 359,238 shares of the exchange traded fund’s stock worth $17,646,000 after purchasing an additional 300,669 shares in the last quarter.

Invesco Solar ETF Trading Down 3.0%

NYSEARCA TAN opened at $51.28 on Friday. The company has a fifty day simple moving average of $60.44 and a 200 day simple moving average of $57.67. Invesco Solar ETF has a 12-month low of $35.98 and a 12-month high of $75.60. The company has a market cap of $1.47 billion, a P/E ratio of 18.04 and a beta of 1.38.

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.