Invesco Zacks Mid-Cap ETF (CZA) is an exchange-traded fund that seeks to track the total return performance, before fees and expenses, of the Zacks Mid-Cap Core Index by investing at least 90% of its total assets in securities comprising the underlying index. The index selects stocks from a universe of eligible mid-capitalization securities, including master limited partnerships, American depositary receipts, and business development companies; the portfolio is rebalanced quarterly to maintain exposure across sectors such as financials (approximately 22%), industrials (22%), real estate (11%), materials (10%), and utilities (9%). Top holdings typically include companies like Las Vegas Sands Corp, Hartford Insurance Group Inc, Entergy Corp, Consolidated Edison Inc, and Arch Capital Group Ltd, representing a blend of mid-cap U.S. equities with limited international exposure in Canada, Ireland, and Peru.
Launched on April 2, 2007, and listed on NYSE Arca, the ETF is managed by Invesco Capital Management LLC, with headquarters in Atlanta, Georgia, and operates primarily in the U.S. market targeting investors seeking mid-cap blend exposure. The fund maintains approximately 100-103 holdings, a total expense ratio of 0.69%, and assets under management of around $180 million as of mid-2025.
A notable reorganization occurred on April 6, 2018, when the fund transitioned from Guggenheim to Invesco management, incorporating the predecessor fund's performance history; Invesco maintains no affiliation with Guggenheim. Recent institutional activity includes Truist Financial Corp increasing its stake by 22.3% in Q2 2025 through the purchase of additional shares, reflecting ongoing investor interest amid stable operations and quarterly rebalancing. No major new product launches, acquisitions, or strategic shifts have been reported for the ETF in the last 1-2 years.