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

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) shot 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 Stock Down 0.9%

The firm has a market capitalization of $259.80 million, a P/E ratio of 22.41 and a beta of 1.13. The business’s 50 day moving average is $16.19 and its 200-day moving average is $15.83.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

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

Institutional Trading of Invesco KBW Premium Yield Equity REIT ETF

Several institutional investors and hedge funds have recently modified their holdings of KBWY. Cetera Investment Advisers grew its position in Invesco KBW Premium Yield Equity REIT ETF by 427.1% in the fourth quarter. Cetera Investment Advisers now owns 101,564 shares of the company’s stock valued at $1,567,000 after acquiring an additional 82,296 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Invesco KBW Premium Yield Equity REIT ETF by 1,373.7% in the first quarter. Jones Financial Companies Lllp now owns 51,006 shares of the company’s stock worth $851,000 after acquiring an additional 47,545 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 775.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 52,709 shares of the company’s stock valued at $841,000 after purchasing an additional 46,686 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the 4th quarter valued at approximately $556,000. Finally, Jane Street Group LLC bought a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter valued at approximately $498,000.

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.