Picton Mahoney Asset Management Decreases Stake in Invesco Solar ETF (NYSEARCA:TAN)

Picton Mahoney Asset Management cut its stake in shares of Invesco Solar ETF (NYSEARCA:TAN) by 30.8% during the fourth quarter, HoldingsChannel reports. The firm owned 900 shares of the exchange traded fund’s stock after selling 400 shares during the quarter. Picton Mahoney Asset Management’s holdings in Invesco Solar ETF were worth $30,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new stake in Invesco Solar ETF during the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC raised its position in Invesco Solar ETF by 48.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 365 shares during the period. IFP Advisors Inc raised its position in Invesco Solar ETF by 14.4% during the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock valued at $130,000 after purchasing an additional 492 shares during the period. Sycomore Asset Management purchased a new stake in Invesco Solar ETF during the fourth quarter valued at approximately $215,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Invesco Solar ETF during the fourth quarter valued at approximately $290,000.

Invesco Solar ETF Stock Performance

TAN opened at $33.54 on Tuesday. The stock has a market cap of $797.25 million, a price-to-earnings ratio of 17.74 and a beta of 1.54. The stock’s 50 day moving average price is $33.73 and its 200-day moving average price is $36.28. Invesco Solar ETF has a one year low of $30.62 and a one year high of $49.93.

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).