370,842 Shares in Invesco Solar ETF $TAN Bought by Trek Financial LLC

Trek Financial LLC bought a new position in shares of Invesco Solar ETF (NYSEARCA:TAN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 370,842 shares of the exchange traded fund’s stock, valued at approximately $16,180,000. Invesco Solar ETF comprises approximately 1.0% of Trek Financial LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also recently made changes to their positions in TAN. Goldman Sachs Group Inc. raised its position in shares of Invesco Solar ETF by 72.0% during the first quarter. Goldman Sachs Group Inc. now owns 265,917 shares of the exchange traded fund’s stock worth $8,100,000 after acquiring an additional 111,322 shares during the last quarter. Perigon Wealth Management LLC increased its position in Invesco Solar ETF by 23.9% during the 2nd quarter. Perigon Wealth Management LLC now owns 11,406 shares of the exchange traded fund’s stock valued at $391,000 after purchasing an additional 2,200 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Invesco Solar ETF during the 2nd quarter valued at approximately $44,000. Natural Investments LLC raised its holdings in Invesco Solar ETF by 12.9% during the 2nd quarter. Natural Investments LLC now owns 22,353 shares of the exchange traded fund’s stock worth $765,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in Invesco Solar ETF by 9.7% during the 2nd quarter. Wealthfront Advisers LLC now owns 8,154 shares of the exchange traded fund’s stock worth $279,000 after purchasing an additional 722 shares during the last quarter.

Invesco Solar ETF Stock Performance

Shares of NYSEARCA TAN traded up $1.21 during midday trading on Friday, reaching $55.23. The stock had a trading volume of 2,457,800 shares, compared to its average volume of 1,143,206. The company’s 50 day moving average price is $49.52 and its 200 day moving average price is $45.20. Invesco Solar ETF has a twelve month low of $25.53 and a twelve month high of $55.91. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 18.04 and a beta of 1.37.

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.