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

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

Invesco Zacks Mid-Cap ETF Stock Down 1.7 %

The business has a 50-day moving average price of $108.65 and a two-hundred day moving average price of $105.37. The company has a market capitalization of $204.30 million, a price-to-earnings ratio of 20.55 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CZA. Strategic Financial Concepts LLC bought a new position in shares of Invesco Zacks Mid-Cap ETF during the 2nd quarter worth approximately $31,000. Nwam LLC purchased a new stake in shares of Invesco Zacks Mid-Cap ETF during the third quarter valued at approximately $1,813,000. Silver Oak Securities Incorporated bought a new stake in Invesco Zacks Mid-Cap ETF during the third quarter worth $1,277,000. Axxcess Wealth Management LLC purchased a new position in Invesco Zacks Mid-Cap ETF in the second quarter worth $583,000. Finally, Savvy Advisors Inc. bought a new position in Invesco Zacks Mid-Cap ETF in the 3rd quarter valued at $340,000.

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).