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

Shares of Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) fell 0.8% during trading on Monday . The company traded as low as $111.82 and last traded at $112.02. 847 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 2,674 shares. The stock had previously closed at $112.98.

Invesco Zacks Mid-Cap ETF Stock Performance

The stock’s 50-day simple moving average is $110.50 and its 200-day simple moving average is $108.77. The firm has a market capitalization of $187.46 million, a PE ratio of 18.93 and a beta of 0.89.

Hedge Funds Weigh In On Invesco Zacks Mid-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC purchased a new stake in Invesco Zacks Mid-Cap ETF in the third quarter worth about $35,000. Compass Financial Services Inc bought a new position in shares of Invesco Zacks Mid-Cap ETF in the 3rd quarter worth approximately $43,000. Ameritas Advisory Services LLC purchased a new position in shares of Invesco Zacks Mid-Cap ETF in the 2nd quarter valued at approximately $58,000. Farther Finance Advisors LLC lifted its stake in shares of Invesco Zacks Mid-Cap ETF by 804.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,140 shares of the company’s stock valued at $335,000 after purchasing an additional 2,793 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of Invesco Zacks Mid-Cap ETF during the second quarter valued at approximately $342,000.

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). 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).