Invesco Solar ETF (NYSEARCA:TAN) Sees Unusually-High Trading Volume – Should You Buy?

by · The Cerbat Gem

Invesco Solar ETF (NYSEARCA:TAN – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 608,800 shares changed hands during mid-day trading, a decline of 48% from the previous session’s volume of 1,159,708 shares.The stock last traded at $41.07 and had previously closed at $39.79.

Invesco Solar ETF Price Performance

The stock’s 50 day simple moving average is $40.07 and its two-hundred day simple moving average is $41.76. The stock has a market cap of $995.64 million, a price-to-earnings ratio of 9.19 and a beta of 1.81.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mather Group LLC. bought a new position in shares of Invesco Solar ETF in the second quarter valued at about $29,000. FinTrust Capital Advisors LLC raised its holdings in shares of Invesco Solar ETF by 77.3% in the first quarter. FinTrust Capital Advisors LLC now owns 2,128 shares of the exchange traded fund’s stock valued at $97,000 after buying an additional 928 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Invesco Solar ETF in the first quarter valued at about $249,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Invesco Solar ETF by 360.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,620 shares of the exchange traded fund’s stock valued at $236,000 after buying an additional 4,400 shares during the last quarter. Finally, RPG Investment Advisory LLC raised its holdings in shares of Invesco Solar ETF by 13.0% in the first quarter. RPG Investment Advisory LLC now owns 5,729 shares of the exchange traded fund’s stock valued at $260,000 after buying an additional 660 shares during the last quarter.

About Invesco Solar ETF

(Get Free Report)

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).

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