Invesco Solar ETF (NYSEARCA:TAN) Sees Strong Trading Volume – Here’s Why

Invesco Solar ETF (NYSEARCA:TAN) shares saw strong trading volume on Tuesday . 1,060,828 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 980,528 shares.The stock last traded at $36.76 and had previously closed at $35.55.

Invesco Solar ETF Stock Performance

The firm has a fifty day moving average of $35.58 and a 200 day moving average of $38.83. The firm has a market capitalization of $850.38 million, a PE ratio of 9.19 and a beta of 1.81.

Institutional Trading of Invesco Solar ETF

A number of hedge funds have recently made changes to their positions in TAN. Clal Insurance Enterprises Holdings Ltd grew its stake in Invesco Solar ETF by 205.9% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,600,000 shares of the exchange traded fund’s stock valued at $112,086,000 after purchasing an additional 1,750,000 shares in the last quarter. National Bank of Canada FI boosted its stake in Invesco Solar ETF by 203.3% during the 3rd quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock valued at $19,305,000 after acquiring an additional 300,149 shares during the last quarter. Greenwood Gearhart Inc. grew its holdings in Invesco Solar ETF by 2.6% during the 2nd quarter. Greenwood Gearhart Inc. now owns 138,964 shares of the exchange traded fund’s stock worth $5,588,000 after acquiring an additional 3,524 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Invesco Solar ETF by 698.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 123,936 shares of the exchange traded fund’s stock worth $4,983,000 after purchasing an additional 108,411 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco Solar ETF by 13.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 77,298 shares of the exchange traded fund’s stock valued at $3,108,000 after purchasing an additional 9,397 shares in the last quarter.

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).