Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Stock Breaks Below Fifty Day Moving Average – What’s Next?

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 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.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

The company has a market cap of $283.43 million, a PE ratio of 19.89 and a beta of 1.02. The stock’s 50-day simple moving average is $16.75 and its 200 day simple moving average is $17.08.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a dividend of $0.1198 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.7%. 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Fifth Third Securities Inc. increased its position in Invesco KBW Premium Yield Equity REIT ETF by 5.1% during the 3rd quarter. Fifth Third Securities Inc. now owns 358,434 shares of the company’s stock worth $5,964,000 after purchasing an additional 17,279 shares during the period. First PREMIER Bank acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the 2nd quarter valued at approximately $3,158,000. Lmcg Investments LLC purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at approximately $2,108,000. Sound Income Strategies LLC purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at approximately $1,531,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at approximately $375,000.

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.