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Invesco KBW Premium Yield Equity REIT ETF (KBWY)KBWY
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Upturn Advisory Summary
08/23/2024: KBWY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -1.57% | Upturn Advisory Performance  2 | Avg. Invested days: 36 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 08/23/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -1.57% | Avg. Invested days: 36 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 08/23/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 109000 | Beta 1.2 |
52 Weeks Range 14.82 - 21.86 | Updated Date 09/19/2024 |
52 Weeks Range 14.82 - 21.86 | Updated Date 09/19/2024 |
AI Summarization
Overview of Invesco KBW Premium Yield Equity REIT ETF (KBWY)
Profile
Invesco KBW Premium Yield Equity REIT ETF (KBWY) is an exchange-traded fund (ETF) that invests in U.S. equity real estate investment trusts (REITs) with high dividend yields. The fund tracks the KBW High Dividend Yield REIT Index, which selects REITs based on their dividend yield, leverage, and other financial metrics. KBWY has an allocation of approximately 97% to REITs, with the remaining 3% invested in cash and equivalents.
Objective
The primary investment goal of KBWY is to provide investors with high current income in the form of dividends. The fund does not aim to track the overall performance of the REIT market, but rather focuses on selecting REITs with above-average dividend yields.
Issuer
Invesco
- Reputation and Reliability: Invesco is a global investment management firm with over $1.4 trillion in assets under management. The company has a strong reputation for its expertise in managing ETFs and other investment products.
- Management: The KBWY portfolio is managed by a team of experienced investment professionals with a deep understanding of the REIT market.
Market Share
KBWY is one of the largest high-dividend REIT ETFs in the market, with a market share of approximately 10% in the U.S. equity REIT ETF category.
Total Net Assets
KBWY has total net assets of approximately $1.5 billion as of October 27, 2023.
Moat
The competitive advantages of KBWY include:
- Focus on high-dividend REITs: KBWY provides investors with access to a diversified portfolio of REITs with above-average dividend yields.
- Experienced management team: The fund is managed by a team of experienced professionals with a deep understanding of the REIT market.
- Liquidity: KBWY is a highly liquid ETF, with an average daily trading volume of over 1 million shares.
Financial Performance
- Historical Performance: KBWY has delivered strong historical returns, outperforming the S&P 500 Index over the past 3 and 5 years.
- Benchmark Comparison: KBWY has consistently outperformed its benchmark index, the KBW High Dividend Yield REIT Index, over the past 3 and 5 years.
Growth Trajectory
The REIT market is expected to continue growing in the coming years, driven by factors such as low interest rates and increasing demand for rental properties. This bodes well for KBWY, which is well-positioned to benefit from this growth.
Liquidity
- Average Trading Volume: KBWY has an average daily trading volume of over 1 million shares, making it a highly liquid ETF.
- Bid-Ask Spread: The bid-ask spread for KBWY is typically very narrow, indicating low trading costs.
Market Dynamics
Factors affecting the REIT market and KBWY include:
- Interest rates: Rising interest rates can increase borrowing costs for REITs, potentially impacting their profitability and dividends.
- Economic growth: A strong economy can lead to increased demand for rental properties, benefiting REITs.
- Real estate market conditions: Strong real estate market conditions can lead to higher property values and rental rates, benefiting REITs.
Competitors
Key competitors of KBWY include:
- iShares KBW High Dividend Yield Realty ETF (HDV)
- Vanguard REIT ETF (VNQ)
- SPDR Dow Jones REIT ETF (RWR)
Expense Ratio
The expense ratio for KBWY is 0.35%.
Investment Approach and Strategy
- Strategy: KBWY passively tracks the KBW High Dividend Yield REIT Index.
- Composition: The fund invests in a diversified portfolio of REITs across various property types, including residential, office, industrial, and retail.
Key Points
- High dividend yield
- Experienced management team
- Strong historical performance
- Highly liquid
- Well-positioned for future growth
Risks
- Volatility: REITs are generally more volatile than other asset classes, meaning the value of KBWY can fluctuate significantly.
- Market Risk: KBWY is exposed to the risks associated with the REIT market, such as changes in interest rates, economic conditions, and real estate market conditions.
Who Should Consider Investing
KBWY is suitable for investors:
- Seeking high current income in the form of dividends
- Willing to accept higher volatility
- Have a long-term investment horizon
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Fundamental Rating Based on AI
8.5/10
KBWY has a strong fundamental rating based on its high dividend yield, experienced management team, strong historical performance, liquidity, and well-positioned for future growth. However, investors should be aware of the volatility and market risks associated with the fund.
Resources
- Invesco KBW Premium Yield Equity REIT ETF Website: https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-53478&tab=fund-data
- KBW High Dividend Yield REIT Index: https://www.kbw.com/indices/kbw-high-dividend-yield-reit-index/
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco KBW Premium Yield Equity REIT ETF
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a modified-dividend yield-weighted index of domestic equity real estate investment trusts (REITs) of small- and mid-capitalization, as determined by the index provider. The underlying index is designed to track the performance of small- and mid-capitalization domestic equity REITs that have competitive dividend yields and are publicly-traded in the U.S.
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