Invesco Solar ETF (NYSEARCA:TAN) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco Solar ETF (NYSEARCA:TAN) saw unusually-strong trading volume on Monday . Approximately 608,800 shares were traded during trading, a decline of 48% from the previous session’s volume of 1,159,708 shares.The stock last traded at $41.07 and had previously closed at $39.79.

Invesco Solar ETF Trading Up 3.9 %

The stock has a market capitalization of $995.64 million, a P/E ratio of 9.19 and a beta of 1.81. The company has a fifty day simple moving average of $40.07 and a two-hundred day simple moving average of $41.76.

Institutional Trading of Invesco Solar ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Invesco Solar ETF by 58.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,600 shares of the exchange traded fund’s stock worth $1,706,000 after buying an additional 13,900 shares during the period. BNP Paribas Financial Markets grew its position in shares of Invesco Solar ETF by 12.6% during the 1st quarter. BNP Paribas Financial Markets now owns 94,903 shares of the exchange traded fund’s stock worth $4,306,000 after buying an additional 10,641 shares during the period. FinTrust Capital Advisors LLC grew its position in shares of Invesco Solar ETF by 77.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,128 shares of the exchange traded fund’s stock worth $97,000 after buying an additional 928 shares during the period. Mutual Advisors LLC grew its position in shares of Invesco Solar ETF by 2.8% in the 1st quarter. Mutual Advisors LLC now owns 37,544 shares of the exchange traded fund’s stock valued at $1,703,000 after purchasing an additional 1,037 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Invesco Solar ETF in the 1st quarter valued at approximately $1,496,000.

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).