Northwestern Mutual Wealth Management Co. Lowers Stake in Invesco Solar ETF $TAN

Northwestern Mutual Wealth Management Co. lessened its position in shares of Invesco Solar ETF (NYSEARCA:TAN) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,381 shares of the exchange traded fund’s stock after selling 804 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Solar ETF were worth $133,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in shares of Invesco Solar ETF during the first quarter worth about $28,000. Garde Capital Inc. acquired a new position in shares of Invesco Solar ETF during the first quarter worth about $30,000. Proffitt & Goodson Inc. lifted its stake in shares of Invesco Solar ETF by 113.6% during the first quarter. Proffitt & Goodson Inc. now owns 1,132 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 602 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of Invesco Solar ETF by 116,000.0% during the first quarter. NBC Securities Inc. now owns 1,161 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco Solar ETF during the first quarter worth about $49,000.

Invesco Solar ETF Stock Performance

NYSEARCA:TAN opened at $44.04 on Friday. Invesco Solar ETF has a one year low of $25.53 and a one year high of $44.49. The business’s 50-day simple moving average is $38.86 and its 200 day simple moving average is $34.16. The stock has a market cap of $768.50 million, a price-to-earnings ratio of 18.04 and a beta of 1.36.

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).