Mirae Asset Global Investments Co. Ltd. Purchases Shares of 16,898 Invesco Solar ETF $TAN

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco Solar ETF (NYSEARCA:TAN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,898 shares of the exchange traded fund’s stock, valued at approximately $830,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC acquired a new position in Invesco Solar ETF in the 3rd quarter valued at approximately $491,000. Florin Court Capital LLP acquired a new position in Invesco Solar ETF in the 3rd quarter valued at approximately $5,135,000. Citigroup Inc. increased its position in Invesco Solar ETF by 719.1% in the 3rd quarter. Citigroup Inc. now owns 887,670 shares of the exchange traded fund’s stock valued at $38,729,000 after acquiring an additional 779,301 shares during the period. Black Swift Group LLC acquired a new position in Invesco Solar ETF in the 3rd quarter valued at approximately $3,657,000. Finally, Corient Private Wealth LLC acquired a new position in Invesco Solar ETF in the 2nd quarter valued at approximately $550,000.

Invesco Solar ETF Stock Performance

Shares of NYSEARCA TAN opened at $58.32 on Friday. Invesco Solar ETF has a 52-week low of $27.82 and a 52-week high of $61.03. The firm has a 50 day moving average price of $56.08 and a two-hundred day moving average price of $52.29. The stock has a market cap of $1.57 billion, a P/E ratio of 18.04 and a beta of 1.29.

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). 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.