About a week ago or so, I made a quick research into the Invesco. It turned out, that their holding has likely nothing to with LAC progress in Thacker Pass or with any other visionary reasons, just a passive holding. Below is a copy of relevant part of my comment from TOB:

...(edited) for your information, the top 10 institutions own all together about 5,5 mil. shares, while first 2 own about half of that. BoA owns whopping 250k shares. Do you seriously think, that the fund manager of Boa does know LAC? Very likely some allocation program of some "green fund" has decided to allocated a fraction Lithium producers and that is all.

You can have a look at Invesco. They do run an ETF fund which tracks something called “clean energy index”. Among other holdings, you can find Livent and Tesla there, so it is not really any “smart money” just a passive investment into a basket of companies. The fund had as of April $250 mill of assets. In your spare time, you can calculate, how much % of it was LAC. My guestimate – not much. It also means, that they will be likely selling LAC this quarter....

Note: the call for selling is not becasuse of my "bearish like attitue" but because the fund weights once a quarter against the index. I have taken April data (latest available) and since that LAC went up, so they need to sell a bit. It is not conclusive, but based on this particular case, it does not look like institutions invest into LAC on purpose.