Clal Insurance Enterprises Holdings Ltd Invests $99.19 Million in Invesco Solar ETF $TAN

Clal Insurance Enterprises Holdings Ltd bought a new position in Invesco Solar ETF (NYSEARCA:TAN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,780,400 shares of the exchange traded fund’s stock, valued at approximately $99,186,000. Clal Insurance Enterprises Holdings Ltd owned about 6.47% of Invesco Solar ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TAN. Parallel Advisors LLC raised its stake in Invesco Solar ETF by 171.2% during the first quarter. Parallel Advisors LLC now owns 1,535 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 969 shares during the period. Watershed Asset Management L.L.C. acquired a new position in shares of Invesco Solar ETF in the 1st quarter valued at $2,006,000. Wealthfront Advisers LLC grew its stake in shares of Invesco Solar ETF by 17.2% during the 1st quarter. Wealthfront Advisers LLC now owns 9,620 shares of the exchange traded fund’s stock valued at $536,000 after buying an additional 1,411 shares during the period. NFSG Corp purchased a new stake in shares of Invesco Solar ETF during the 1st quarter valued at $56,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Invesco Solar ETF during the 1st quarter worth $60,000.

Invesco Solar ETF Stock Up 2.0%

TAN stock opened at $53.74 on Wednesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 18.04 and a beta of 1.38. The business has a fifty day simple moving average of $61.16 and a 200-day simple moving average of $57.67. Invesco Solar ETF has a 52 week low of $35.98 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.