Accredited Investors Inc. Lowers Stake in PowerShares KBW Bank Portfolio (KBWB)

Accredited Investors Inc. trimmed its stake in shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590,427 shares of the company’s stock after selling 1,674 shares during the quarter. PowerShares KBW Bank Portfolio makes up 8.3% of Accredited Investors Inc.’s holdings, making the stock its 4th biggest holding. Accredited Investors Inc.’s holdings in PowerShares KBW Bank Portfolio were worth $30,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of PowerShares KBW Bank Portfolio by 242.9% during the second quarter. Wells Fargo & Company MN now owns 79,401 shares of the company’s stock worth $3,918,000 after acquiring an additional 56,248 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of PowerShares KBW Bank Portfolio during the second quarter worth about $1,835,000. Raymond James Financial Services Advisors Inc. raised its position in shares of PowerShares KBW Bank Portfolio by 13.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 77,309 shares of the company’s stock worth $3,814,000 after acquiring an additional 9,166 shares during the last quarter. Hollow Brook Wealth Management LLC raised its position in shares of PowerShares KBW Bank Portfolio by 3.9% during the second quarter. Hollow Brook Wealth Management LLC now owns 136,935 shares of the company’s stock worth $6,756,000 after acquiring an additional 5,136 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of PowerShares KBW Bank Portfolio by 0.9% during the second quarter. New York State Common Retirement Fund now owns 287,221 shares of the company’s stock worth $14,171,000 after acquiring an additional 2,496 shares during the last quarter.

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Shares of PowerShares KBW Bank Portfolio (KBWB) traded up 0.40% during trading on Wednesday, hitting $52.58. The stock had a trading volume of 69,714 shares. PowerShares KBW Bank Portfolio has a 52 week low of $37.64 and a 52 week high of $52.94. The firm has a 50-day moving average price of $50.95 and a 200 day moving average price of $48.90.

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

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