Sycomore Asset Management Invests $215,000 in Invesco Solar ETF (NYSEARCA:TAN)

Sycomore Asset Management acquired a new stake in Invesco Solar ETF (NYSEARCA:TAN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,500 shares of the exchange traded fund’s stock, valued at approximately $215,000.

Other hedge funds have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in Invesco Solar ETF in the 4th quarter valued at about $31,000. Bank Hapoalim BM acquired a new stake in Invesco Solar ETF during the third quarter valued at approximately $255,000. Perigon Wealth Management LLC bought a new stake in Invesco Solar ETF during the fourth quarter worth approximately $290,000. Nwam LLC bought a new stake in Invesco Solar ETF during the third quarter worth approximately $424,000. Finally, Oppenheimer & Co. Inc. grew its position in Invesco Solar ETF by 20.3% in the third quarter. Oppenheimer & Co. Inc. now owns 11,084 shares of the exchange traded fund’s stock worth $478,000 after buying an additional 1,868 shares during the last quarter.

Invesco Solar ETF Stock Performance

Shares of NYSEARCA:TAN opened at $34.36 on Monday. The company has a market capitalization of $827.73 million, a PE ratio of 9.19 and a beta of 1.81. The stock has a fifty day moving average of $34.43 and a 200-day moving average of $37.66. Invesco Solar ETF has a one year low of $32.12 and a one year high of $49.93.

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).