NTV Asset Management LLC Makes New Investment in Invesco Solar ETF $TAN

NTV Asset Management LLC acquired a new position in Invesco Solar ETF (NYSEARCA:TAN) during the third quarter, HoldingsChannel.com reports. The fund acquired 100,102 shares of the exchange traded fund’s stock, valued at approximately $4,401,000.

Several other large investors have also added to or reduced their stakes in TAN. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco Solar ETF in the 1st quarter valued at $99,186,000. Bank of America Corp DE boosted its stake in shares of Invesco Solar ETF by 9.5% during the 1st quarter. Bank of America Corp DE now owns 325,356 shares of the exchange traded fund’s stock worth $18,126,000 after buying an additional 28,203 shares during the last quarter. Ayalon Insurance Comp Ltd. boosted its stake in shares of Invesco Solar ETF by 338.4% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 172,300 shares of the exchange traded fund’s stock worth $7,576,000 after buying an additional 133,000 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Invesco Solar ETF by 5.6% during the 1st quarter. Private Advisor Group LLC now owns 99,984 shares of the exchange traded fund’s stock worth $5,570,000 after buying an additional 5,337 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Invesco Solar ETF by 5.8% in the 1st quarter. Royal Bank of Canada now owns 99,308 shares of the exchange traded fund’s stock valued at $5,533,000 after acquiring an additional 5,443 shares in the last quarter.

Invesco Solar ETF Price Performance

Shares of NYSEARCA TAN opened at $41.07 on Friday. The business has a 50-day moving average of $45.69 and a 200-day moving average of $53.84. The stock has a market capitalization of $861.24 million, a price-to-earnings ratio of 18.04 and a beta of 1.41. Invesco Solar ETF has a fifty-two week low of $40.52 and a fifty-two week high of $75.60.

Invesco Solar ETF 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.