UBS Group AG Reduces Stake in Invesco Solar ETF $TAN

UBS Group AG trimmed its stake in Invesco Solar ETF (NYSEARCA:TAN) by 28.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,114 shares of the exchange traded fund’s stock after selling 38,046 shares during the quarter. UBS Group AG owned approximately 0.43% of Invesco Solar ETF worth $4,770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TAN. Assetmark Inc. bought a new stake in shares of Invesco Solar ETF in the fourth quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in Invesco Solar ETF in the 4th quarter worth approximately $35,000. Flagship Harbor Advisors LLC bought a new position in Invesco Solar ETF in the 4th quarter worth approximately $94,000. Y.D. More Investments Ltd boosted its holdings in Invesco Solar ETF by 616.7% in the 4th 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 period. Finally, AE Wealth Management LLC boosted its holdings in Invesco Solar ETF by 257.4% in the 3rd quarter. AE Wealth Management LLC now owns 2,584 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 1,861 shares during the period.

Invesco Solar ETF Trading Up 3.1%

TAN opened at $64.86 on Friday. The company has a 50 day moving average of $57.53 and a 200 day moving average of $54.05. The company has a market cap of $1.79 billion, a PE ratio of 18.04 and a beta of 1.29. Invesco Solar ETF has a 12 month low of $30.57 and a 12 month high of $65.50.

Invesco Solar ETF 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.