Invesco Solar ETF (NYSEARCA:TAN) Hits New 12-Month Low at $39.11

Invesco Solar ETF (NYSEARCA:TAN)’s share price reached a new 52-week low on Monday . The stock traded as low as $39.11 and last traded at $39.53, with a volume of 211911 shares traded. The stock had previously closed at $39.59.

Invesco Solar ETF Price Performance

The firm has a market capitalization of $1.14 billion, a PE ratio of 9.26 and a beta of 1.80. The firm’s fifty day moving average is $43.54 and its two-hundred day moving average is $45.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC boosted its stake in Invesco Solar ETF by 0.7% in the fourth quarter. Greenwich Wealth Management LLC now owns 38,157 shares of the exchange traded fund’s stock valued at $2,036,000 after acquiring an additional 256 shares during the last quarter. Consolidated Portfolio Review Corp boosted its stake in Invesco Solar ETF by 5.0% in the third quarter. Consolidated Portfolio Review Corp now owns 6,154 shares of the exchange traded fund’s stock valued at $319,000 after acquiring an additional 295 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in Invesco Solar ETF by 1.7% in the third quarter. Kestra Advisory Services LLC now owns 20,752 shares of the exchange traded fund’s stock valued at $1,075,000 after acquiring an additional 344 shares during the last quarter. Ledyard National Bank boosted its stake in Invesco Solar ETF by 1.7% in the third quarter. Ledyard National Bank now owns 22,944 shares of the exchange traded fund’s stock valued at $1,188,000 after acquiring an additional 377 shares during the last quarter. Finally, RPG Investment Advisory LLC boosted its stake in Invesco Solar ETF by 8.2% in the fourth quarter. RPG Investment Advisory LLC now owns 5,069 shares of the exchange traded fund’s stock valued at $270,000 after acquiring an additional 385 shares during the last quarter.

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).