Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Shares Break Below Fifty Day Moving Average – Here’s What Happened

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty 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 changing hands.

Invesco KBW Premium Yield Equity REIT ETF Stock Down 0.4%

The firm has a market cap of $289.95 million, a price-to-earnings ratio of 19.89 and a beta of 1.02. The business’s 50-day simple moving average is $16.80 and its two-hundred day simple moving average is $17.08.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were given a dividend of $0.1198 per share. This is a negative change from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199. The ex-dividend date was Monday, October 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.6%.

Institutional Investors Weigh In On Invesco KBW Premium Yield Equity REIT ETF

Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 7.4% in the third quarter. Global Retirement Partners LLC now owns 10,684 shares of the company’s stock worth $178,000 after acquiring an additional 739 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the third quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF during the third quarter worth $375,000. Latitude Advisors LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF during the third quarter worth $28,000. Finally, Financial Management Professionals Inc. acquired a new position in Invesco KBW Premium Yield Equity REIT ETF during the third quarter worth $217,000.

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.