Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) Trading Down 1.2% – Here’s Why

Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) fell 1.2% during trading on Tuesday . The company traded as low as $123.65 and last traded at $123.65. Approximately 1,325 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 2,359 shares. The stock had previously closed at $125.12.

Invesco Zacks Mid-Cap ETF Stock Down 1.2%

The firm has a market capitalization of $186.71 million, a price-to-earnings ratio of 18.93 and a beta of 0.82. The firm’s 50 day moving average is $125.28 and its 200 day moving average is $119.15.

Institutional Investors Weigh In On Invesco Zacks Mid-Cap ETF

Several large investors have recently modified their holdings of CZA. Whittier Trust Co. acquired a new position in shares of Invesco Zacks Mid-Cap ETF in the 1st quarter worth $65,000. First Heartland Consultants Inc. acquired a new position in shares of Invesco Zacks Mid-Cap ETF in the 2nd quarter valued at $208,000. Quattro Advisors LLC acquired a new position in shares of Invesco Zacks Mid-Cap ETF in the 4th quarter valued at $257,000. Captrust Financial Advisors purchased a new position in Invesco Zacks Mid-Cap ETF in the 2nd quarter worth about $342,000. Finally, Baer Investment Advisory LLC purchased a new position in Invesco Zacks Mid-Cap ETF in the 1st quarter worth about $460,000.

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). The Index is comprised of 100 securities selected, based on investment and other criteria, from a universe of mid-capitalization common stocks, including master limited partnerships (MLPs), and American depositary receipts (ADRs).