Lmcg Investments LLC Acquires 126,661 Shares of Invesco KBW Premium Yield Equity REIT ETF $KBWY

Lmcg Investments LLC acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) during the third quarter, Holdings Channel.com reports. The fund acquired 126,661 shares of the company’s stock, valued at approximately $2,108,000.

A number of other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp acquired a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the first quarter valued at about $78,000. Royal Bank of Canada lifted its position in Invesco KBW Premium Yield Equity REIT ETF by 45.8% in the 1st 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 in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter valued at about $132,000. Sound Income Strategies LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF during the 3rd quarter valued at about $1,531,000. Finally, First PREMIER Bank bought a new stake in Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter worth approximately $3,158,000.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

Shares of KBWY opened at $16.49 on Friday. The firm has a market capitalization of $288.08 million, a P/E ratio of 22.41 and a beta of 1.01. Invesco KBW Premium Yield Equity REIT ETF has a 52 week low of $14.81 and a 52 week high of $19.35. The stock has a 50 day moving average price of $17.20 and a two-hundred day moving average price of $17.53.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Monday, October 19th will be issued a $0.1198 dividend. This is a drop 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 8.7%. The ex-dividend date is Monday, October 19th.

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.