Wedbush Securities Inc. Sells 5,164 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Wedbush Securities Inc. lessened its holdings in shares of Invesco Solar ETF (NYSEARCA:TAN) by 43.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,658 shares of the exchange traded fund’s stock after selling 5,164 shares during the quarter. Wedbush Securities Inc.’s holdings in Invesco Solar ETF were worth $221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new position in Invesco Solar ETF in the third quarter valued at approximately $1,033,000. JPMorgan Chase & Co. lifted its position in Invesco Solar ETF by 52.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,282 shares of the exchange traded fund’s stock valued at $1,004,000 after acquiring an additional 8,011 shares in the last quarter. Cox Capital Mgt LLC acquired a new position in Invesco Solar ETF in the 4th quarter worth $729,000. Union Bancaire Privee UBP SA acquired a new position in Invesco Solar ETF in the 4th quarter worth $31,000. Finally, Perigon Wealth Management LLC bought a new position in Invesco Solar ETF during the 4th quarter worth about $290,000.

Invesco Solar ETF Price Performance

TAN opened at $26.70 on Friday. The company has a market capitalization of $634.66 million, a price-to-earnings ratio of 16.82 and a beta of 1.42. The business’s 50-day moving average price is $32.15 and its two-hundred day moving average price is $34.92. Invesco Solar ETF has a 1 year low of $25.53 and a 1 year high of $49.93.

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).