Invesco Solar ETF (NYSEARCA:TAN) Sets New 12-Month Low – Time to Sell?

Invesco Solar ETF (NYSEARCA:TAN) hit a new 52-week low on Thursday . The stock traded as low as $32.12 and last traded at $32.35, with a volume of 152406 shares. The stock had previously closed at $32.57.

Invesco Solar ETF Trading Up 2.5 %

The company has a market capitalization of $804.46 million, a PE ratio of 9.19 and a beta of 1.81. The firm’s 50-day simple moving average is $34.82 and its 200-day simple moving average is $38.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in Invesco Solar ETF in the 4th quarter worth approximately $31,000. Bank Hapoalim BM purchased a new stake in shares of Invesco Solar ETF during the third quarter valued at $255,000. Scientech Research LLC purchased a new stake in shares of Invesco Solar ETF during the second quarter valued at $262,000. Perigon Wealth Management LLC acquired a new position in shares of Invesco Solar ETF in the 4th quarter valued at $290,000. Finally, Nwam LLC purchased a new position in Invesco Solar ETF in the 3rd quarter worth $424,000.

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).