Psagot Investment House Ltd. decreased its position in PowerShares KBW Bank Portfolio (NASDAQ:KBWB) by 27.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 840,555 shares of the company’s stock after selling 313,645 shares during the period. PowerShares KBW Bank Portfolio comprises approximately 1.8% of Psagot Investment House Ltd.’s holdings, making the stock its 15th largest holding. Psagot Investment House Ltd.’s holdings in PowerShares KBW Bank Portfolio were worth $41,473,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cranbrook Wealth Management LLC acquired a new position in PowerShares KBW Bank Portfolio in the 2nd quarter valued at approximately $101,000. Flagship Harbor Advisors LLC acquired a new position in shares of PowerShares KBW Bank Portfolio in the 2nd quarter worth approximately $209,000. JPMorgan Chase & Co. acquired a new position in shares of PowerShares KBW Bank Portfolio in the 2nd quarter worth approximately $300,000. Usca Ria LLC raised its holdings in shares of PowerShares KBW Bank Portfolio by 32.6% in the 2nd quarter. Usca Ria LLC now owns 11,800 shares of the company’s stock worth $582,000 after buying an additional 2,900 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of PowerShares KBW Bank Portfolio by 2.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,107 shares of the company’s stock worth $597,000 after buying an additional 289 shares in the last quarter.
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Shares of PowerShares KBW Bank Portfolio (KBWB) traded down 0.35% during trading on Wednesday, hitting $51.80. The stock had a trading volume of 25,886 shares. PowerShares KBW Bank Portfolio has a 12-month low of $36.18 and a 12-month high of $52.32. The stock’s 50-day moving average is $49.36 and its 200-day moving average is $48.38.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were issued a dividend of $0.2185 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, September 18th. This is a boost from PowerShares KBW Bank Portfolio’s previous quarterly dividend of $0.18.
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