Shares of Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY – Get Free Report) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $16.80 and traded as low as $16.59. Invesco KBW Premium Yield Equity REIT ETF shares last traded at $16.77, with a volume of 132,825 shares trading hands.
Invesco KBW Premium Yield Equity REIT ETF Stock Performance
The firm’s 50 day moving average is $16.80 and its two-hundred day moving average is $17.08. The stock has a market capitalization of $289.95 million, a PE ratio of 19.89 and a beta of 1.02.
Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a dividend of $0.1198 per share. The ex-dividend date was Monday, October 19th. This is a decrease from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.6%.
Hedge Funds Weigh In On Invesco KBW Premium Yield Equity REIT ETF
Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its stake in Invesco KBW Premium Yield Equity REIT ETF by 7.4% during the 3rd quarter. Global Retirement Partners LLC now owns 10,684 shares of the company’s stock worth $178,000 after acquiring an additional 739 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at $29,000. Kestra Advisory Services LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at $375,000. Latitude Advisors LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at $28,000. Finally, Financial Management Professionals Inc. acquired a new position in Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at $217,000.
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.
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