Clal Insurance Enterprises Holdings Ltd Sells 560,000 Shares of Invesco Solar ETF (NYSEARCA:TAN)

Clal Insurance Enterprises Holdings Ltd decreased its stake in Invesco Solar ETF (NYSEARCA:TAN) by 21.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,040,000 shares of the exchange traded fund’s stock after selling 560,000 shares during the period. Clal Insurance Enterprises Holdings Ltd owned 0.08% of Invesco Solar ETF worth $67,565,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in Invesco Solar ETF by 14.4% in the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock worth $130,000 after acquiring an additional 492 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Invesco Solar ETF in the fourth quarter worth about $31,000. Global Retirement Partners LLC raised its position in Invesco Solar ETF by 48.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 365 shares during the period. Vontobel Holding Ltd. raised its position in Invesco Solar ETF by 31.3% in the fourth quarter. Vontobel Holding Ltd. now owns 22,607 shares of the exchange traded fund’s stock worth $749,000 after acquiring an additional 5,385 shares during the period. Finally, Sycomore Asset Management bought a new stake in Invesco Solar ETF in the fourth quarter worth about $215,000.

Invesco Solar ETF Stock Performance

Shares of TAN stock opened at $32.35 on Friday. The firm has a market cap of $774.14 million, a price-to-earnings ratio of 15.42 and a beta of 1.38. Invesco Solar ETF has a 52 week low of $32.03 and a 52 week high of $49.93. The firm’s 50-day simple moving average is $34.13 and its two-hundred day simple moving average is $36.98.

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).