Golden State Wealth Management LLC Purchases Shares of 14,490 Invesco Solar ETF (NYSEARCA:TAN)

Golden State Wealth Management LLC acquired a new position in shares of Invesco Solar ETF (NYSEARCA:TAN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,490 shares of the exchange traded fund’s stock, valued at approximately $480,000.

Several other hedge funds also recently modified their holdings of TAN. Migdal Insurance & Financial Holdings Ltd. bought a new position in Invesco Solar ETF during the fourth quarter worth $44,050,000. Hager Investment Management Services LLC acquired a new position in shares of Invesco Solar ETF during the fourth quarter valued at about $381,000. Perigon Wealth Management LLC bought a new position in shares of Invesco Solar ETF during the 4th quarter worth about $290,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Invesco Solar ETF in the 4th quarter valued at about $31,000. Finally, Cox Capital Mgt LLC bought a new stake in Invesco Solar ETF in the 4th quarter valued at about $729,000.

Invesco Solar ETF Stock Performance

TAN stock opened at $34.36 on Friday. Invesco Solar ETF has a fifty-two week low of $32.12 and a fifty-two week high of $49.93. The stock’s 50 day simple moving average is $34.48 and its 200 day simple moving average is $37.74. The company has a market cap of $827.73 million, a P/E ratio of 9.19 and a beta of 1.81.

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).