Invesco Solar ETF (NYSEARCA:TAN) Position Reduced by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD trimmed its stake in Invesco Solar ETF (NYSEARCA:TAN) by 9.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,608 shares of the exchange traded fund’s stock after selling 5,392 shares during the quarter. Corbyn Investment Management Inc. MD’s holdings in Invesco Solar ETF were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its position in shares of Invesco Solar ETF by 27.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,861 shares of the exchange traded fund’s stock valued at $579,000 after acquiring an additional 2,309 shares during the period. Verity Asset Management Inc. lifted its holdings in shares of Invesco Solar ETF by 5.5% during the fourth quarter. Verity Asset Management Inc. now owns 11,149 shares of the exchange traded fund’s stock valued at $595,000 after acquiring an additional 577 shares during the period. Garde Capital Inc. acquired a new stake in shares of Invesco Solar ETF in the fourth quarter valued at $101,000. PNC Financial Services Group Inc. increased its stake in shares of Invesco Solar ETF by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 61,502 shares of the exchange traded fund’s stock valued at $3,281,000 after buying an additional 502 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco Solar ETF in the fourth quarter valued at $1,446,000.

Invesco Solar ETF Stock Down 2.6 %

Shares of TAN stock opened at $38.97 on Friday. The stock has a 50-day moving average price of $40.96 and a 200 day moving average price of $42.78. The firm has a market cap of $938.79 million, a price-to-earnings ratio of 9.19 and a beta of 1.81. Invesco Solar ETF has a 12 month low of $37.42 and a 12 month high of $57.22.

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).