Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Trading 0.7% Higher – Here’s Why

Shares of Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) were up 0.7% during mid-day trading on Monday . The stock traded as high as $16.25 and last traded at $16.20. Approximately 164,479 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 174,571 shares. The stock had previously closed at $16.08.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

The company has a 50 day simple moving average of $15.49 and a 200 day simple moving average of $15.70. The company has a market capitalization of $263.41 million, a PE ratio of 22.41 and a beta of 1.13.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.1254 dividend. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco KBW Premium Yield Equity REIT ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the second quarter worth $39,000. Advisory Services Network LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF during the third quarter worth about $61,000. PNC Financial Services Group Inc. grew its stake in Invesco KBW Premium Yield Equity REIT ETF by 20,692.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,198 shares of the company’s stock valued at $82,000 after acquiring an additional 5,173 shares in the last quarter. Comerica Bank grew its stake in Invesco KBW Premium Yield Equity REIT ETF by 22.8% during the 1st quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $87,000 after acquiring an additional 974 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in Invesco KBW Premium Yield Equity REIT ETF by 335.2% in the 2nd quarter. AE Wealth Management LLC now owns 6,123 shares of the company’s stock valued at $96,000 after acquiring an additional 4,716 shares during the last quarter.

Invesco KBW Premium Yield Equity REIT ETF Company Profile

The Invesco KBW Premium Yield Equity REIT ETF (KBWY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a dividend-yield-weighted index of small- and mid-cap equity REITs. KBWY was launched on Dec 2, 2010 and is managed by Invesco.