Miller Investment Management LP decreased its position in shares of PowerShares KBW Bank ETF (NASDAQ:KBWB) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 777,325 shares of the company’s stock after selling 12,538 shares during the quarter. PowerShares KBW Bank ETF makes up about 12.9% of Miller Investment Management LP’s holdings, making the stock its 3rd largest position. Miller Investment Management LP owned 4.34% of PowerShares KBW Bank ETF worth $39,799,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Access Financial Services Inc. purchased a new position in shares of PowerShares KBW Bank ETF during the third quarter worth about $1,446,000. IndexIQ Advisors LLC grew its holdings in shares of PowerShares KBW Bank ETF by 193.3% during the third quarter. IndexIQ Advisors LLC now owns 4,141 shares of the company’s stock worth $213,000 after buying an additional 2,729 shares during the last quarter. Community Bank N.A. grew its holdings in shares of PowerShares KBW Bank ETF by 23.4% during the third quarter. Community Bank N.A. now owns 49,850 shares of the company’s stock worth $2,552,000 after buying an additional 9,465 shares during the last quarter. SOL Capital Management CO grew its holdings in shares of PowerShares KBW Bank ETF by 0.5% during the third quarter. SOL Capital Management CO now owns 278,432 shares of the company’s stock worth $14,256,000 after buying an additional 1,250 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in PowerShares KBW Bank ETF by 4.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,890 shares of the company’s stock valued at $4,142,000 after purchasing an additional 3,581 shares during the period.

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Shares of PowerShares KBW Bank ETF (NASDAQ:KBWB) traded up $0.32 during trading hours on Tuesday, reaching $50.78. 81,500 shares of the company were exchanged, compared to its average volume of 464,508. PowerShares KBW Bank ETF has a 1 year low of $42.94 and a 1 year high of $52.94.

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

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