Garde Capital Inc. jumps into Invesco Solar ETF (NYSEARCA:TAN).

By Oliver Townsend Jun 15, 2024
Garde Capital Inc. Takes Position in Invesco Solar ETF (NYSEARCA:TAN).jpegOrginal image from: https://www.defenseworld.net/2024/06/15/garde-capital-inc-takes-position-in-invesco-solar-etf-nysearcatan.html

Investing in exchange-traded funds (ETFs) can be a strategic move for institutional investors looking to diversify their portfolios and capitalize on emerging market trends. Garde Capital Inc., a prominent institutional investor, recently acquired a stake in Invesco Solar ETF (NYSEARCA:TAN) in the fourth quarter, signaling their confidence in the renewable energy sector. This move reflects the growing interest in sustainable investing and the potential for growth in the solar energy industry.

Garde Capital Inc.’s Investment in Invesco Solar ETF

According to the company’s recent 13F filing with the SEC, Garde Capital Inc. purchased 1,900 shares of Invesco Solar ETF, valued at approximately $101,000. This investment indicates their belief in the long-term prospects of the solar energy market and aligns with the increasing focus on environmental, social, and governance (ESG) factors in investment decisions. By adding exposure to renewable energy through Invesco Solar ETF, Garde Capital Inc. is positioning itself to benefit from the transition to clean energy and the global shift towards sustainability.

Other Hedge Funds’ Interest in Invesco Solar ETF

Greenwich Wealth Management LLC, Consolidated Portfolio Review Corp, Kestra Advisory Services LLC, RPG Investment Advisory LLC, and Gladstone Institutional Advisory LLC are among the other hedge funds that have either increased or decreased their positions in Invesco Solar ETF. These moves reflect a broader trend of institutional interest in renewable energy investments and the recognition of solar power as a key player in the transition to a low-carbon economy.

Invesco Solar ETF Price Performance and Market Overview

Invesco Solar ETF (TAN) opened at $45.82 on Friday, with a market capitalization of $1.10 billion. The ETF has a price-to-earnings ratio of 9.19 and a beta of 1.81, indicating its volatility relative to the market. With a 50-day moving average price of $43.90 and a two-hundred day moving average price of $45.23, Invesco Solar ETF has experienced fluctuations in response to market conditions and industry developments.

About Invesco Solar ETF

Formerly known as Guggenheim Solar ETF, Invesco Solar ETF tracks the MAC Global Solar Energy Index, consisting of approximately 25 stocks selected based on the significance of solar power in their business models. The Index aims to capture the performance of companies driving innovation and growth in the solar energy sector, offering investors exposure to this dynamic and evolving industry.

Conclusion

Garde Capital Inc.’s investment in Invesco Solar ETF highlights the growing appeal of renewable energy investments among institutional investors. By recognizing the potential for growth and sustainability in the solar energy market, Garde Capital Inc. and other hedge funds are capitalizing on emerging trends and positioning themselves for future success in the evolving energy landscape.

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