Invesco Solar ETF (NYSEARCA:TAN) Shares Gap Up – Still a Buy?

Invesco Solar ETF (NYSEARCA:TAN)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $32.65, but opened at $33.91. Invesco Solar ETF shares last traded at $34.10, with a volume of 334,689 shares trading hands.

Invesco Solar ETF Price Performance

The firm has a market capitalization of $806.65 million, a P/E ratio of 9.19 and a beta of 1.81. The business has a 50 day moving average price of $34.72 and a 200 day moving average price of $38.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TAN. Union Bancaire Privee UBP SA acquired a new position in shares of Invesco Solar ETF in the 4th quarter valued at $31,000. Sycomore Asset Management bought a new stake in Invesco Solar ETF in the fourth quarter valued at about $215,000. Bank Hapoalim BM acquired a new position in Invesco Solar ETF in the third quarter worth about $255,000. Scientech Research LLC bought a new position in Invesco Solar ETF during the second quarter worth about $262,000. Finally, Perigon Wealth Management LLC acquired a new stake in Invesco Solar ETF during the fourth quarter valued at approximately $290,000.

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).