Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) Trading Down 0.8% – Time to Sell?

Shares of Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) traded down 0.8% on Monday . The stock traded as low as $126.85 and last traded at $126.85. 231 shares changed hands during trading, a decline of 89% from the average session volume of 2,099 shares. The stock had previously closed at $127.81.

Invesco Zacks Mid-Cap ETF Trading Down 0.8%

The company has a 50-day moving average of $123.53 and a 200-day moving average of $118.03. The company has a market capitalization of $191.54 million, a price-to-earnings ratio of 18.93 and a beta of 0.82.

Hedge Funds Weigh In On Invesco Zacks Mid-Cap ETF

Several hedge funds have recently modified their holdings of CZA. Empirical Asset Management LLC boosted its stake in Invesco Zacks Mid-Cap ETF by 62.2% in the 4th quarter. Empirical Asset Management LLC now owns 15,926 shares of the company’s stock worth $1,765,000 after purchasing an additional 6,105 shares in the last quarter. IMC Chicago LLC increased its stake in Invesco Zacks Mid-Cap ETF by 73.4% during the 4th quarter. IMC Chicago LLC now owns 27,990 shares of the company’s stock valued at $3,101,000 after purchasing an additional 11,848 shares in the last quarter. Baer Investment Advisory LLC acquired a new position in Invesco Zacks Mid-Cap ETF during the 1st quarter valued at approximately $460,000. Whittier Trust Co. purchased a new position in shares of Invesco Zacks Mid-Cap ETF in the first quarter worth $65,000. Finally, MML Investors Services LLC raised its holdings in shares of Invesco Zacks Mid-Cap ETF by 5.1% in the fourth quarter. MML Investors Services LLC now owns 8,529 shares of the company’s stock worth $945,000 after buying an additional 412 shares during the last quarter.

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).