SNR - KBWY Update: Recent Underperformance And Distribution Reduction
We last looked at the Invesco KBW Premium Yield Equity REIT Portfolio ETF (KBWY) (formerly the PowerShares KBW Premium Yield Equity REIT Portfolio ETF) in February of this year ("Equity REIT ETF Yield Nears 8%"). With 2018 nearing its end, I thought it would be a good time to revisit this ETF.
KBWY is a $364 million REIT ETF that invests in small- and mid-cap domestic REITs using a dividend yield-weighted methodology, rather than market capitalization weighting. It was incepted in December 2012, and charges an expense ratio of 0.35%. Its