First PREMIER Bank Takes $3.16 Million Position in Invesco KBW Premium Yield Equity REIT ETF $KBWY

First PREMIER Bank purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) in the second quarter, HoldingsChannel reports. The firm purchased 170,049 shares of the company’s stock, valued at approximately $3,158,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KBWY. Advisory Services Network LLC purchased a new stake in Invesco KBW Premium Yield Equity REIT ETF in the 3rd quarter valued at about $61,000. Fifth Third Bancorp acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the first quarter valued at about $78,000. Royal Bank of Canada increased its position in shares of Invesco KBW Premium Yield Equity REIT ETF by 45.8% during the first quarter. Royal Bank of Canada now owns 5,195 shares of the company’s stock valued at $79,000 after acquiring an additional 1,632 shares during the last quarter. Comerica Bank raised its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 22.8% in 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 during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the 4th quarter valued at approximately $91,000.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

Shares of KBWY stock opened at $17.88 on Tuesday. The firm has a market cap of $304.85 million, a P/E ratio of 22.41 and a beta of 0.99. The firm’s 50 day moving average price is $18.43 and its 200-day moving average price is $17.27. Invesco KBW Premium Yield Equity REIT ETF has a one year low of $14.81 and a one year high of $19.35.

Invesco KBW Premium Yield Equity REIT ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.1199 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Invesco KBW Premium Yield Equity REIT ETF 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.