Lmcg Investments LLC Makes New Investment in Invesco KBW Premium Yield Equity REIT ETF $KBWY

Lmcg Investments LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 126,661 shares of the company’s stock, valued at approximately $2,108,000. Lmcg Investments LLC owned approximately 0.73% of Invesco KBW Premium Yield Equity REIT ETF at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in Invesco KBW Premium Yield Equity REIT ETF during the first quarter worth $78,000. Royal Bank of Canada increased its stake in Invesco KBW Premium Yield Equity REIT ETF by 45.8% in the first quarter. Royal Bank of Canada now owns 5,195 shares of the company’s stock valued at $79,000 after purchasing an additional 1,632 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Invesco KBW Premium Yield Equity REIT ETF in the second quarter valued at $132,000. Sound Income Strategies LLC acquired a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the third quarter valued at about $1,531,000. Finally, First PREMIER Bank acquired a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the second quarter valued at about $3,158,000.

Invesco KBW Premium Yield Equity REIT ETF Trading Up 3.1%

Shares of NASDAQ 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. The firm’s 50-day moving average price is $17.20 and its 200-day moving average price is $17.53. Invesco KBW Premium Yield Equity REIT ETF has a 1-year low of $14.81 and a 1-year high of $19.35.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 23rd. Investors of record on Monday, October 19th will be given a $0.1198 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Monday, October 19th. This is a negative change from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199.

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.