Invesco Solar ETF (TAN)
Invesco Solar ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $44.06, up 1.36% on the session, giving a market capitalisation of $1.12B. Its beta of 1.85 implies it has historically moved more than the broad market.
The Invesco Solar ETF (TAN) seeks to mirror the performance of the MAC Global Solar Energy Index. To achieve this, the Fund commits a minimum of 90% of its total capital to the various equity instruments, including ordinary shares, American Depositary Receipts (ADRs), and Global Depositary Receipts (GDRs), that make up its underlying benchmark. This particular index is comprised solely of companies operating within the solar energy industry. The index's performance is computed on a net return basis, which accounts for the withholding of relevant taxes for investors not residing in the country of origin. Both the ETF's holdings and the benchmark index are adjusted and rebalanced every quarter.
Invesco Solar ETF is most often compared with the following Financial Services names: