Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Stock Price Up 2.3% – Should You Buy?

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) shares traded up 2.3% during mid-day trading on Monday . The stock traded as high as $16.03 and last traded at $15.90. 77,217 shares changed hands during trading, a decline of 47% from the average session volume of 145,223 shares. The stock had previously closed at $15.55.

Invesco KBW Premium Yield Equity REIT ETF Price Performance

The company’s 50 day simple moving average is $16.18 and its 200 day simple moving average is $15.84. The firm has a market cap of $259.97 million, a price-to-earnings ratio of 22.41 and a beta of 1.13.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a $0.1253 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC raised its holdings in Invesco KBW Premium Yield Equity REIT ETF by 335.2% in the second 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco KBW Premium Yield Equity REIT ETF by 20,692.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,198 shares of the company’s stock valued at $82,000 after buying an additional 5,173 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the 2nd quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF during the fourth quarter worth approximately $91,000. Finally, Comerica Bank lifted its position in Invesco KBW Premium Yield Equity REIT ETF by 22.8% in the first quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $87,000 after acquiring an additional 974 shares during the last quarter.

About Invesco KBW Premium Yield Equity REIT ETF

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.