Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) Stock Falls 0.3% – Should You Sell?

Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) shares dropped 0.3% during mid-day trading on Tuesday. The company traded as low as $118.37 and last traded at $118.93. Approximately 7,238 shares changed hands during trading, an increase of 213% from the average session volume of 2,315 shares. The stock had previously closed at $119.29.

Invesco Zacks Mid-Cap ETF Price Performance

The company has a fifty day moving average price of $124.51 and a 200 day moving average price of $119.66. The company has a market cap of $171.26 million, a PE ratio of 18.93 and a beta of 0.82.

Hedge Funds Weigh In On Invesco Zacks Mid-Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CZA. Whittier Trust Co. purchased a new stake in shares of Invesco Zacks Mid-Cap ETF during the 1st quarter valued at $65,000. First Heartland Consultants Inc. purchased a new position in Invesco Zacks Mid-Cap ETF in the second quarter worth $208,000. Baer Investment Advisory LLC bought a new position in Invesco Zacks Mid-Cap ETF in the first quarter valued at $460,000. Citadel Advisors LLC increased its stake in Invesco Zacks Mid-Cap ETF by 2.0% in the second quarter. Citadel Advisors LLC now owns 5,941 shares of the company’s stock valued at $729,000 after acquiring an additional 115 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Invesco Zacks Mid-Cap ETF by 9.1% during the first quarter. Cetera Investment Advisers now owns 8,048 shares of the company’s stock valued at $887,000 after purchasing an additional 671 shares in 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).