Mirae Asset Global Investments Co. Ltd. Invests $1.26 Million in Invesco Solar ETF (NYSEARCA:TAN)

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco Solar ETF (NYSEARCA:TAN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,700 shares of the exchange traded fund’s stock, valued at approximately $1,264,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Invesco Solar ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in Invesco Solar ETF by 0.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,991,644 shares of the exchange traded fund’s stock worth $106,721,000 after purchasing an additional 11,644 shares during the last quarter. Gemmer Asset Management LLC acquired a new position in shares of Invesco Solar ETF in the 3rd quarter valued at $8,847,000. Greenwood Gearhart Inc. grew its position in shares of Invesco Solar ETF by 6.7% in the 3rd quarter. Greenwood Gearhart Inc. now owns 138,214 shares of the exchange traded fund’s stock valued at $7,158,000 after buying an additional 8,697 shares during the last quarter. Private Advisor Group LLC raised its stake in Invesco Solar ETF by 32.2% during the 3rd quarter. Private Advisor Group LLC now owns 131,605 shares of the exchange traded fund’s stock worth $6,816,000 after acquiring an additional 32,067 shares in the last quarter. Finally, GenTrust LLC purchased a new stake in Invesco Solar ETF in the fourth quarter valued at $5,386,000.

Invesco Solar ETF Stock Performance

Invesco Solar ETF stock opened at $39.95 on Tuesday. The stock has a 50-day simple moving average of $43.62 and a 200-day simple moving average of $45.41. The company has a market capitalization of $1.13 billion, a P/E ratio of 9.26 and a beta of 1.80. Invesco Solar ETF has a fifty-two week low of $39.11 and a fifty-two week high of $77.79.

Invesco Solar ETF Company 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).