Invesco Solar ETF (NYSEARCA:TAN) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Invesco Solar ETF (NYSEARCA:TAN)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $47.14 and traded as high as $48.17. Invesco Solar ETF shares last traded at $47.90, with a volume of 718,931 shares traded.

Invesco Solar ETF Price Performance

The stock has a 50 day moving average of $47.26 and a 200 day moving average of $40.73. The firm has a market cap of $939.56 million, a P/E ratio of 18.04 and a beta of 1.37.

Institutional Trading of Invesco Solar ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of Invesco Solar ETF by 16.5% in the 1st quarter. HighTower Advisors LLC now owns 11,920 shares of the exchange traded fund’s stock worth $363,000 after acquiring an additional 1,689 shares during the last quarter. CW Advisors LLC grew its holdings in shares of Invesco Solar ETF by 6.2% during the 1st quarter. CW Advisors LLC now owns 128,384 shares of the exchange traded fund’s stock valued at $3,911,000 after purchasing an additional 7,465 shares during the last quarter. LPL Financial LLC raised its position in Invesco Solar ETF by 2.0% in the 1st quarter. LPL Financial LLC now owns 189,940 shares of the exchange traded fund’s stock worth $5,786,000 after purchasing an additional 3,783 shares during the period. DRW Securities LLC bought a new stake in Invesco Solar ETF in the first quarter worth $430,000. Finally, Banque Cantonale Vaudoise bought a new stake in Invesco Solar ETF in the first quarter worth $122,000.

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).