US Bancorp DE Cuts Holdings in Invesco Solar ETF (NYSEARCA:TAN)

US Bancorp DE lessened its stake in Invesco Solar ETF (NYSEARCA:TAN) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,019 shares of the exchange traded fund’s stock after selling 300 shares during the quarter. US Bancorp DE’s holdings in Invesco Solar ETF were worth $216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TAN. Jane Street Group LLC raised its stake in Invesco Solar ETF by 47.2% in the first quarter. Jane Street Group LLC now owns 454,032 shares of the exchange traded fund’s stock valued at $20,599,000 after buying an additional 145,625 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Invesco Solar ETF by 698.3% during 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 acquiring an additional 108,411 shares in the last quarter. SG Americas Securities LLC lifted its stake in Invesco Solar ETF by 217.7% during the second quarter. SG Americas Securities LLC now owns 104,774 shares of the exchange traded fund’s stock worth $4,213,000 after purchasing an additional 71,800 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Invesco Solar ETF in the first quarter valued at approximately $1,756,000. Finally, Cetera Investment Advisers boosted its holdings in Invesco Solar ETF by 85.5% in the first quarter. Cetera Investment Advisers now owns 50,423 shares of the exchange traded fund’s stock valued at $2,288,000 after purchasing an additional 23,237 shares in the last quarter.

Invesco Solar ETF Trading Up 2.2 %

TAN stock opened at $35.60 on Friday. The stock has a market cap of $857.60 million, a P/E ratio of 9.19 and a beta of 1.81. Invesco Solar ETF has a twelve month low of $34.30 and a twelve month high of $54.62. The company’s 50 day moving average is $39.50 and its two-hundred day moving average is $41.61.

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).