 The
Invesco Zacks Mid-Cap ETF (CZA) is an exchange-traded fund that aims
to track the performance of the Zacks Mid-Cap Index. The fund holds a
diverse portfolio of mid-cap companies in the United States across a
range of sectors, including industrials, healthcare, financials, and
technology.
The Zacks Mid-Cap Index is a proprietary index
created by Zacks Investment Research, and it includes approximately
400 mid-cap companies. The index uses a quantitative methodology to
select its constituents based on factors such as earnings estimates,
earnings surprises, and earnings momentum.
As of March 24,
2023, the CZA ETF has a total net asset value of approximately $1.35
billion and a yield of 0.88%. The fund has an expense ratio of 0.69%
and is traded on the NYSE Arca exchange.
Investors seeking
mid-cap exposure may find CZA to be a suitable option. However, as
with any investment, it is important to conduct thorough research and
consider one's investment goals, risk tolerance, and overall portfolio
strategy before making any investment decisions.
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