Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) Trading Down 1.7% – Time to Sell?

Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) traded down 1.7% during trading on Friday . The stock traded as low as $101.94 and last traded at $102.15. 3,809 shares were traded during mid-day trading, an increase of 18% from the average session volume of 3,235 shares. The stock had previously closed at $103.87.

Invesco Zacks Mid-Cap ETF Stock Performance

The stock has a market capitalization of $204.30 million, a P/E ratio of 20.55 and a beta of 0.81. The company’s 50-day moving average price is $108.65 and its 200 day moving average price is $105.42.

Hedge Funds Weigh In On Invesco Zacks Mid-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nwam LLC purchased a new stake in Invesco Zacks Mid-Cap ETF during the third quarter valued at $1,813,000. Savvy Advisors Inc. purchased a new stake in shares of Invesco Zacks Mid-Cap ETF during the 3rd quarter valued at about $340,000. Axxcess Wealth Management LLC raised its position in shares of Invesco Zacks Mid-Cap ETF by 1.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 6,065 shares of the company’s stock valued at $657,000 after buying an additional 94 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in shares of Invesco Zacks Mid-Cap ETF in the 3rd quarter valued at about $207,000. Finally, Silver Oak Securities Incorporated purchased a new position in Invesco Zacks Mid-Cap ETF in the third quarter worth about $1,277,000.

Invesco Zacks Mid-Cap ETF Company Profile

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).