Empowered Funds LLC Purchases Shares of 32,310 Invesco Solar ETF $TAN

Empowered Funds LLC purchased a new position in Invesco Solar ETF (NYSEARCA:TAN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,310 shares of the exchange traded fund’s stock, valued at approximately $1,800,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TAN. CIBC Private Wealth Group LLC bought a new stake in shares of Invesco Solar ETF during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. boosted its holdings in Invesco Solar ETF by 62.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 212 shares during the period. Parallel Advisors LLC bought a new position in Invesco Solar ETF in the 4th quarter worth $28,000. Assetmark Inc. bought a new position in Invesco Solar ETF in the 4th quarter worth $29,000. Finally, NFSG Corp purchased a new stake in Invesco Solar ETF in the 1st quarter worth $56,000.

Invesco Solar ETF Stock Down 0.0%

NYSEARCA:TAN opened at $51.25 on Friday. The business’s 50-day simple moving average is $57.64 and its two-hundred day simple moving average is $57.66. The stock has a market cap of $1.45 billion, a PE ratio of 18.04 and a beta of 1.40. Invesco Solar ETF has a 52 week low of $36.11 and a 52 week high of $75.60.

About Invesco Solar ETF

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.