Envestnet Asset Management Inc. acquired a new position in shares of Invesco Solar ETF (NYSEARCA:TAN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 33,776 shares of the exchange traded fund’s stock, valued at approximately $992,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TAN. Arlington Capital Management Inc. raised its holdings in Invesco Solar ETF by 47.3% during the second quarter. Arlington Capital Management Inc. now owns 580,599 shares of the exchange traded fund’s stock worth $16,414,000 after buying an additional 186,534 shares during the last quarter. Niemann Capital Management Inc. acquired a new position in Invesco Solar ETF during the second quarter worth $5,432,000. Merriman Wealth Management LLC raised its holdings in shares of Invesco Solar ETF by 394.5% in the second quarter. Merriman Wealth Management LLC now owns 112,985 shares of the exchange traded fund’s stock valued at $3,255,000 after purchasing an additional 90,135 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Invesco Solar ETF by 156.5% in the second quarter. Wells Fargo & Company MN now owns 106,899 shares of the exchange traded fund’s stock valued at $3,022,000 after purchasing an additional 65,216 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Invesco Solar ETF by 27.1% in the second quarter. Bank of America Corp DE now owns 219,798 shares of the exchange traded fund’s stock valued at $6,214,000 after purchasing an additional 46,895 shares during the last quarter.

Shares of TAN stock opened at $27.84 on Friday. The firm has a 50-day moving average of $29.35 and a 200-day moving average of $28.42. Invesco Solar ETF has a one year low of $17.93 and a one year high of $32.46.

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).

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Institutional Ownership by Quarter for Invesco Solar ETF (NYSEARCA:TAN)

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