Meitav Investment House Ltd. Invests $3.89 Million in Invesco Solar ETF $TAN

Meitav Investment House Ltd. purchased a new stake in shares of Invesco Solar ETF (NYSEARCA:TAN) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 69,810 shares of the exchange traded fund’s stock, valued at approximately $3,888,000. Meitav Investment House Ltd. owned 0.26% of Invesco Solar ETF as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TAN. CIBC Private Wealth Group LLC purchased a new position in shares of Invesco Solar ETF during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. raised its position in Invesco Solar ETF by 62.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 212 shares during the period. Parallel Advisors LLC purchased a new stake in Invesco Solar ETF in the 4th quarter worth about $28,000. Assetmark Inc. bought a new stake in Invesco Solar ETF in the fourth quarter worth about $29,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco Solar ETF in the fourth quarter worth about $35,000.

Invesco Solar ETF Price Performance

Shares of NYSEARCA:TAN traded down $3.32 during trading hours on Tuesday, hitting $54.22. 423,492 shares of the company’s stock traded hands, compared to its average volume of 1,418,458. Invesco Solar ETF has a 1 year low of $35.98 and a 1 year high of $75.60. The business has a fifty day moving average price of $62.35 and a 200-day moving average price of $57.32. The firm has a market capitalization of $1.58 billion, a P/E ratio of 18.04 and a beta of 1.38.

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.