PowerShares KBW Bank Portfolio (KBWB) Shares Bought by Cumberland Advisors Inc.
Cumberland Advisors Inc. lifted its holdings in shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 242,700 shares of the company’s stock after buying an additional 10,710 shares during the period. PowerShares KBW Bank Portfolio accounts for approximately 7.4% of Cumberland Advisors Inc.’s holdings, making the stock its 2nd largest holding. Cumberland Advisors Inc.’s holdings in PowerShares KBW Bank Portfolio were worth $13,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Cranbrook Wealth Management LLC acquired a new position in shares of PowerShares KBW Bank Portfolio during the 2nd quarter worth approximately $101,000. IndexIQ Advisors LLC raised its stake in shares of PowerShares KBW Bank Portfolio by 193.3% during the 3rd 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 period. Private Advisor Group LLC acquired a new position in shares of PowerShares KBW Bank Portfolio during the 3rd quarter worth approximately $214,000. Neuberger Berman Group LLC acquired a new position in shares of PowerShares KBW Bank Portfolio during the 3rd quarter worth approximately $261,000. Finally, JPMorgan Chase & Co. acquired a new position in PowerShares KBW Bank Portfolio in the 2nd quarter valued at $300,000.
PowerShares KBW Bank Portfolio (NASDAQ KBWB) traded up $0.96 during midday trading on Tuesday, reaching $57.00. The company had a trading volume of 989,800 shares, compared to its average volume of 444,960. PowerShares KBW Bank Portfolio has a 1 year low of $45.34 and a 1 year high of $56.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were paid a $0.2804 dividend. This is an increase from PowerShares KBW Bank Portfolio’s previous quarterly dividend of $0.22. This represents a $1.12 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Monday, December 18th.
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