NTV Asset Management LLC Makes New $4.40 Million Investment in Invesco Solar ETF $TAN

NTV Asset Management LLC purchased a new position in Invesco Solar ETF (NYSEARCA:TAN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 100,102 shares of the exchange traded fund’s stock, valued at approximately $4,401,000. NTV Asset Management LLC owned about 0.48% of Invesco Solar ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Investment Advisors LLC grew its stake in shares of Invesco Solar ETF by 6.4% during the third quarter. Capital Investment Advisors LLC now owns 16,680 shares of the exchange traded fund’s stock worth $733,000 after purchasing an additional 1,001 shares during the period. Farther Finance Advisors LLC lifted its stake in Invesco Solar ETF by 92.3% in the third quarter. Farther Finance Advisors LLC now owns 4,143 shares of the exchange traded fund’s stock valued at $182,000 after buying an additional 1,989 shares during the period. Ayalon Insurance Comp Ltd. lifted its stake in Invesco Solar ETF by 338.4% in the third quarter. Ayalon Insurance Comp Ltd. now owns 172,300 shares of the exchange traded fund’s stock valued at $7,576,000 after buying an additional 133,000 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco Solar ETF by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 31,323 shares of the exchange traded fund’s stock valued at $1,853,000 after buying an additional 1,538 shares during the period. Finally, IPG Investment Advisors LLC bought a new position in Invesco Solar ETF during the second quarter worth about $202,000.

Invesco Solar ETF Trading Down 0.7%

Shares of TAN opened at $41.07 on Friday. The stock has a market cap of $861.24 million, a P/E ratio of 18.04 and a beta of 1.41. Invesco Solar ETF has a 1 year low of $40.52 and a 1 year high of $75.60. The stock’s 50-day moving average price is $45.69 and its two-hundred day moving average price is $53.84.

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.