Raab & Moskowitz Asset Management LLC Purchases New Holdings in Invesco Solar ETF (NYSEARCA:TAN)

Raab & Moskowitz Asset Management LLC bought a new position in Invesco Solar ETF (NYSEARCA:TAN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,429 shares of the exchange traded fund’s stock, valued at approximately $236,000.

Other large investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Invesco Solar ETF by 73,533.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,104,500 shares of the exchange traded fund’s stock worth $58,926,000 after acquiring an additional 1,103,000 shares during the period. GenTrust LLC purchased a new position in Invesco Solar ETF during the fourth quarter valued at approximately $5,386,000. Simplex Trading LLC increased its stake in shares of Invesco Solar ETF by 219.5% in the fourth quarter. Simplex Trading LLC now owns 89,043 shares of the exchange traded fund’s stock worth $4,750,000 after purchasing an additional 61,177 shares in the last quarter. Modera Wealth Management LLC purchased a new stake in shares of Invesco Solar ETF in the third quarter worth $2,047,000. Finally, Prudential PLC purchased a new stake in shares of Invesco Solar ETF in the third quarter worth $1,979,000.

Invesco Solar ETF Trading Up 2.5 %

Shares of NYSEARCA:TAN traded up $0.98 during midday trading on Friday, reaching $40.77. 832,178 shares of the company were exchanged, compared to its average volume of 1,300,051. The business’s fifty day moving average is $43.14 and its two-hundred day moving average is $45.24. Invesco Solar ETF has a one year low of $38.83 and a one year high of $74.71. The stock has a market cap of $1.15 billion, a PE ratio of 9.26 and a beta of 1.80.

About Invesco Solar ETF

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).