Invesco Solar ETF (NYSEARCA:TAN) Hits New 12-Month Low – Should You Sell?

Shares of Invesco Solar ETF (NYSEARCA:TAN) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $32.12 and last traded at $32.35, with a volume of 152406 shares trading hands. The stock had previously closed at $32.57.

Invesco Solar ETF Stock Up 2.5 %

The stock has a market cap of $804.46 million, a PE ratio of 9.19 and a beta of 1.81. The business has a 50 day moving average price of $34.82 and a 200 day moving average price of $38.36.

Institutional Trading of Invesco Solar ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Invesco Solar ETF by 205.9% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,600,000 shares of the exchange traded fund’s stock valued at $112,086,000 after purchasing an additional 1,750,000 shares in the last quarter. National Bank of Canada FI boosted its holdings in Invesco Solar ETF by 203.3% in the 3rd quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock worth $19,305,000 after buying an additional 300,149 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco Solar ETF by 13.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 77,298 shares of the exchange traded fund’s stock worth $3,108,000 after buying an additional 9,397 shares in the last quarter. PFG Investments LLC raised its holdings in shares of Invesco Solar ETF by 9.4% during the third quarter. PFG Investments LLC now owns 75,917 shares of the exchange traded fund’s stock valued at $3,273,000 after acquiring an additional 6,520 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Invesco Solar ETF by 10.4% in the second quarter. Cetera Investment Advisers now owns 55,678 shares of the exchange traded fund’s stock valued at $2,239,000 after acquiring an additional 5,255 shares in 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).