Cranbrook Wealth Management LLC Buys New Position in PowerShares KBW Bank Portfolio (KBWB)

Cranbrook Wealth Management LLC bought a new position in PowerShares KBW Bank Portfolio (NASDAQ:KBWB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,056 shares of the company’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of PowerShares KBW Bank Portfolio by 242.9% in 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. Flagship Harbor Advisors LLC bought a new position in shares of PowerShares KBW Bank Portfolio in the second quarter worth about $209,000. JPMorgan Chase & Co. bought a new position in shares of PowerShares KBW Bank Portfolio in the second quarter worth about $300,000. Oppenheimer Asset Management Inc. raised its stake in shares of PowerShares KBW Bank Portfolio by 2.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,107 shares of the company’s stock worth $597,000 after acquiring an additional 289 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC raised its stake in shares of PowerShares KBW Bank Portfolio by 3.9% in 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.

PowerShares KBW Bank Portfolio (NASDAQ:KBWB) traded up 1.97% during midday trading on Monday, hitting $47.59. 153,187 shares of the company were exchanged. PowerShares KBW Bank Portfolio has a one year low of $35.58 and a one year high of $51.45. The firm’s 50-day moving average price is $48.83 and its 200-day moving average price is $48.23.

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

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