Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) Trading Down 1.6% – Here’s Why

Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA)’s stock price dropped 1.6% during trading on Monday . The company traded as low as $107.68 and last traded at $107.89. Approximately 10,223 shares changed hands during trading, an increase of 268% from the average daily volume of 2,780 shares. The stock had previously closed at $109.60.

Invesco Zacks Mid-Cap ETF Price Performance

The company has a 50-day moving average price of $109.20 and a 200 day moving average price of $107.50. The firm has a market capitalization of $179.46 million, a PE ratio of 18.93 and a beta of 0.89.

Institutional Trading of Invesco Zacks Mid-Cap ETF

Several hedge funds have recently bought and sold shares of CZA. Farther Finance Advisors LLC lifted its position in shares of Invesco Zacks Mid-Cap ETF by 804.9% in the second quarter. Farther Finance Advisors LLC now owns 3,140 shares of the company’s stock worth $335,000 after buying an additional 2,793 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in Invesco Zacks Mid-Cap ETF by 23.0% in the second quarter. Axxcess Wealth Management LLC now owns 5,865 shares of the company’s stock worth $626,000 after buying an additional 1,098 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco Zacks Mid-Cap ETF by 9.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,025 shares of the company’s stock valued at $730,000 after purchasing an additional 588 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Invesco Zacks Mid-Cap ETF during the second quarter valued at approximately $58,000. Finally, Jones Financial Companies Lllp boosted its holdings in Invesco Zacks Mid-Cap ETF by 666.0% during the 1st quarter. Jones Financial Companies Lllp now owns 12,103 shares of the company’s stock valued at $1,257,000 after acquiring an additional 10,523 shares during the period.

About Invesco Zacks Mid-Cap ETF

Guggenheim Mid-Cap Core ETF (the Fund), formerly Claymore/Zacks Mid-Cap Core ETF, seeks investment results that correspond generally to the performance of an index called the Zacks Mid-Cap Core Index (the Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index and depositary receipts representing securities that comprise the Index (or underlying securities representing ADRs that comprise the Index).