Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) Shares Down 1.2% – Here’s What Happened

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

Invesco Zacks Mid-Cap ETF Price Performance

The firm has a fifty day simple moving average of $125.27 and a two-hundred day simple moving average of $119.19. The firm has a market capitalization of $183.62 million, a P/E ratio of 18.93 and a beta of 0.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Invesco Zacks Mid-Cap ETF by 15.8% in the first quarter. Royal Bank of Canada now owns 10,124 shares of the company’s stock worth $1,052,000 after buying an additional 1,381 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco Zacks Mid-Cap ETF by 33.6% during the first quarter. Goldman Sachs Group Inc. now owns 21,871 shares of the company’s stock valued at $2,272,000 after acquiring an additional 5,503 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Invesco Zacks Mid-Cap ETF by 44.4% during the 2nd quarter. Raymond James Financial Inc. now owns 19,649 shares of the company’s stock worth $2,096,000 after acquiring an additional 6,045 shares during the period. Bank of America Corp DE increased its holdings in Invesco Zacks Mid-Cap ETF by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 6,101 shares of the company’s stock worth $651,000 after acquiring an additional 196 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in Invesco Zacks Mid-Cap ETF in the 2nd quarter worth approximately $342,000.

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).