Migdal Insurance & Financial Holdings Ltd. Increases Stock Position in Invesco Solar ETF (NYSEARCA:TAN)

Migdal Insurance & Financial Holdings Ltd. boosted its stake in Invesco Solar ETF (NYSEARCA:TAN) by 73,533.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,104,500 shares of the exchange traded fund’s stock after purchasing an additional 1,103,000 shares during the quarter. Invesco Solar ETF comprises approximately 1.2% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 23rd biggest holding. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco Solar ETF were worth $58,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Invesco Solar ETF by 116.2% during the first quarter. JPMorgan Chase & Co. now owns 75,624 shares of the exchange traded fund’s stock worth $5,706,000 after acquiring an additional 543,411 shares in the last quarter. Cibc World Market Inc. boosted its holdings in Invesco Solar ETF by 77.3% in the first quarter. Cibc World Market Inc. now owns 25,954 shares of the exchange traded fund’s stock valued at $1,958,000 after acquiring an additional 11,315 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Invesco Solar ETF in the first quarter valued at $332,000. Barometer Capital Management Inc. bought a new stake in Invesco Solar ETF in the first quarter valued at $626,000. Finally, Renaissance Technologies LLC bought a new stake in Invesco Solar ETF in the first quarter valued at $958,000.

Invesco Solar ETF Price Performance

NYSEARCA:TAN traded up $0.69 during trading hours on Wednesday, hitting $40.43. The company had a trading volume of 1,696,209 shares, compared to its average volume of 1,274,578. The company has a market capitalization of $1.14 billion, a PE ratio of 9.26 and a beta of 1.80. The stock has a 50-day moving average price of $44.06 and a 200 day moving average price of $45.64. Invesco Solar ETF has a 52 week low of $39.58 and a 52 week high of $79.00.

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).