Sound Income Strategies LLC Acquires New Shares in Invesco KBW Premium Yield Equity REIT ETF $KBWY

Sound Income Strategies LLC bought a new position in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) in the third quarter, HoldingsChannel reports. The fund bought 93,222 shares of the company’s stock, valued at approximately $1,531,000.

A number of other institutional investors also recently modified their holdings of KBWY. Royal Bank of Canada grew its holdings in shares of Invesco KBW Premium Yield Equity REIT ETF by 45.8% during 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. Fifth Third Bancorp purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the first quarter worth $78,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the second quarter worth $132,000. Lmcg Investments LLC raised its holdings in shares of Invesco KBW Premium Yield Equity REIT ETF by 61.3% during the first quarter. Lmcg Investments LLC now owns 120,508 shares of the company’s stock worth $1,841,000 after acquiring an additional 45,797 shares in the last quarter. Finally, First PREMIER Bank acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF during the second quarter valued at $3,158,000.

Invesco KBW Premium Yield Equity REIT ETF Price Performance

Shares of NASDAQ KBWY opened at $16.38 on Friday. The business’s 50-day moving average price is $17.54 and its two-hundred day moving average price is $17.45. Invesco KBW Premium Yield Equity REIT ETF has a one year low of $14.81 and a one year high of $19.35. The company has a market capitalization of $290.09 million, a P/E ratio of 22.41 and a beta of 1.01.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a dividend of $0.1199 per share. This is a drop from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.8%.

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.