SOL Capital Management CO Raises Stake in PowerShares KBW Bank Portfolio (KBWB)

SOL Capital Management CO lifted its stake in shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,432 shares of the company’s stock after purchasing an additional 1,250 shares during the period. PowerShares KBW Bank Portfolio accounts for 4.0% of SOL Capital Management CO’s investment portfolio, making the stock its biggest holding. SOL Capital Management CO’s holdings in PowerShares KBW Bank Portfolio were worth $14,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of KBWB. Wells Fargo & Company MN increased its stake in shares of PowerShares KBW Bank Portfolio by 242.9% during the 2nd quarter. Wells Fargo & Company MN now owns 79,401 shares of the company’s stock worth $3,918,000 after purchasing an additional 56,248 shares during the last quarter. Community Bank N.A. purchased a new stake in shares of PowerShares KBW Bank Portfolio during the 2nd quarter worth approximately $1,993,000. Cetera Investment Advisers purchased a new stake in shares of PowerShares KBW Bank Portfolio during the 2nd quarter worth approximately $1,835,000. Venturi Wealth Management LLC purchased a new stake in shares of PowerShares KBW Bank Portfolio during the 2nd quarter worth approximately $816,000. Finally, Nottingham Advisors Inc. increased its stake in shares of PowerShares KBW Bank Portfolio by 5.8% during the 3rd quarter. Nottingham Advisors Inc. now owns 274,216 shares of the company’s stock worth $14,040,000 after purchasing an additional 14,939 shares during the last quarter.

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Shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) traded up 0.25% during midday trading on Tuesday, hitting $52.65. 81,290 shares of the stock traded hands. PowerShares KBW Bank Portfolio has a 52 week low of $37.64 and a 52 week high of $52.85. The company’s 50-day moving average is $50.82 and its 200 day moving average is $48.88.

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

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