Northwestern Mutual Wealth Management Co. Acquires 4,418,741 Shares of Invesco Solar ETF $TAN

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Solar ETF (NYSEARCA:TAN) by 95,252.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,423,380 shares of the exchange traded fund’s stock after acquiring an additional 4,418,741 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 17.33% of Invesco Solar ETF worth $217,276,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings in Invesco Solar ETF by 62.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 553 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 212 shares during the last quarter. Assetmark Inc. purchased a new position in Invesco Solar ETF in the fourth quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Invesco Solar ETF in the fourth quarter worth about $35,000. Flagship Harbor Advisors LLC purchased a new position in Invesco Solar ETF in the fourth quarter worth about $94,000. Finally, Y.D. More Investments Ltd raised its holdings in Invesco Solar ETF by 616.7% in the fourth quarter. Y.D. More Investments Ltd now owns 2,150 shares of the exchange traded fund’s stock worth $106,000 after buying an additional 1,850 shares during the last quarter.

Invesco Solar ETF Stock Performance

Shares of Invesco Solar ETF stock opened at $64.96 on Friday. The stock has a market capitalization of $1.79 billion, a PE ratio of 18.04 and a beta of 1.29. Invesco Solar ETF has a 52-week low of $30.57 and a 52-week high of $65.50. The company has a 50-day simple moving average of $56.83 and a two-hundred day simple moving average of $53.61.

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). The Index is designed to track companies within the business segments of the solar energy industry, which include companies that produce solar power equipment and products for end users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers.