Wells Fargo & Company MN Has $2.72 Million Position in PowerShares KBW Bank Portfolio (KBWB)

Wells Fargo & Company MN lowered its stake in shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) by 33.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,161 shares of the company’s stock after selling 26,240 shares during the quarter. Wells Fargo & Company MN’s holdings in PowerShares KBW Bank Portfolio were worth $2,722,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBWB. JPMorgan Chase & Co. grew its position in PowerShares KBW Bank Portfolio by 7,289.2% during the third quarter. JPMorgan Chase & Co. now owns 450,000 shares of the company’s stock worth $22,896,000 after buying an additional 443,910 shares in the last quarter. Cetera Investment Advisers acquired a new stake in PowerShares KBW Bank Portfolio during the second quarter worth approximately $1,835,000. SG Americas Securities LLC acquired a new stake in PowerShares KBW Bank Portfolio during the third quarter worth approximately $1,766,000. Access Financial Services Inc. acquired a new stake in PowerShares KBW Bank Portfolio during the third quarter worth approximately $1,446,000. Finally, Nottingham Advisors Inc. grew its position in PowerShares KBW Bank Portfolio by 5.8% during the third quarter. Nottingham Advisors Inc. now owns 274,216 shares of the company’s stock worth $14,040,000 after buying an additional 14,939 shares in the last quarter.

Shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) opened at $58.26 on Friday. PowerShares KBW Bank Portfolio has a 12-month low of $45.34 and a 12-month high of $58.30.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a dividend of $0.2804 per share. The ex-dividend date was Monday, December 18th. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. This is an increase from PowerShares KBW Bank Portfolio’s previous quarterly dividend of $0.22.

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Institutional Ownership by Quarter for PowerShares KBW Bank Portfolio (NASDAQ:KBWB)

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