Migdal Insurance & Financial Holdings Ltd. Has $82.39 Million Stock Position in Invesco Solar ETF (NYSEARCA:TAN)

Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Invesco Solar ETF (NYSEARCA:TAN) by 103.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,705,000 shares of the exchange traded fund’s stock after purchasing an additional 1,375,000 shares during the period. Invesco Solar ETF makes up approximately 1.2% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 27th biggest position. Migdal Insurance & Financial Holdings Ltd. owned 12.03% of Invesco Solar ETF worth $82,394,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TAN. Wealthfront Advisers LLC increased its holdings in shares of Invesco Solar ETF by 16.3% during the first quarter. Wealthfront Advisers LLC now owns 7,432 shares of the exchange traded fund’s stock worth $226,000 after buying an additional 1,039 shares in the last quarter. Cerity Partners LLC acquired a new stake in Invesco Solar ETF in the first quarter valued at $201,000. Proffitt & Goodson Inc. increased its holdings in Invesco Solar ETF by 113.6% in the first quarter. Proffitt & Goodson Inc. now owns 1,132 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 602 shares during the period. Olde Wealth Management LLC acquired a new stake in Invesco Solar ETF in the first quarter valued at $53,000. Finally, Money Design Co. Ltd. increased its holdings in Invesco Solar ETF by 2.9% in the first quarter. Money Design Co. Ltd. now owns 39,098 shares of the exchange traded fund’s stock valued at $1,191,000 after purchasing an additional 1,098 shares during the period.

Invesco Solar ETF Stock Down 0.3%

NYSEARCA TAN opened at $37.88 on Friday. The company has a market capitalization of $660.84 million, a price-to-earnings ratio of 18.04 and a beta of 1.36. Invesco Solar ETF has a twelve month low of $25.53 and a twelve month high of $43.80. The stock has a fifty day simple moving average of $34.57 and a 200 day simple moving average of $32.87.

About Invesco Solar ETF

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).