Migdal Insurance & Financial Holdings Ltd. Takes Position in Invesco Solar ETF (NYSEARCA:TAN)

Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Invesco Solar ETF (NYSEARCA:TAN) in the fourth quarter, Holdings Channel reports. The firm purchased 1,330,000 shares of the exchange traded fund’s stock, valued at approximately $44,050,000. Migdal Insurance & Financial Holdings Ltd. owned 0.06% of Invesco Solar ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in shares of Invesco Solar ETF during the fourth quarter worth $381,000. Perigon Wealth Management LLC purchased a new stake in Invesco Solar ETF during the 4th quarter worth about $290,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Invesco Solar ETF in the 4th quarter valued at about $31,000. Cox Capital Mgt LLC purchased a new stake in shares of Invesco Solar ETF in the 4th quarter valued at about $729,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Invesco Solar ETF by 52.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,282 shares of the exchange traded fund’s stock valued at $1,004,000 after purchasing an additional 8,011 shares during the last quarter.

Invesco Solar ETF Stock Up 2.1 %

Shares of TAN stock opened at $34.27 on Friday. The stock has a market capitalization of $825.56 million, a PE ratio of 9.19 and a beta of 1.81. Invesco Solar ETF has a 52-week low of $32.12 and a 52-week high of $49.93. The stock’s 50-day moving average price is $34.52 and its 200 day moving average price is $37.77.

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).