SG Americas Securities LLC purchased a new position in shares of PowerShares KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,500 shares of the company’s stock, valued at approximately $1,766,000. SG Americas Securities LLC owned about 0.19% of PowerShares KBW Bank ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cranbrook Wealth Management LLC bought a new position in PowerShares KBW Bank ETF during the 2nd quarter worth approximately $101,000. Flagship Harbor Advisors LLC purchased a new stake in PowerShares KBW Bank ETF in the 2nd quarter worth approximately $209,000. IndexIQ Advisors LLC lifted its holdings in PowerShares KBW Bank ETF by 193.3% in 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. JPMorgan Chase & Co. purchased a new stake in PowerShares KBW Bank ETF in the 2nd quarter worth approximately $300,000. Finally, Usca Ria LLC lifted its holdings in PowerShares KBW Bank ETF 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 during the period.

Shares of PowerShares KBW Bank ETF (KBWB) opened at $51.12 on Friday. PowerShares KBW Bank ETF has a fifty-two week low of $43.98 and a fifty-two week high of $52.94.

COPYRIGHT VIOLATION NOTICE: This article was reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/sg-americas-securities-llc-purchases-new-stake-in-powershares-kbw-bank-etf-kbwb/1726924.html.

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

Receive News & Ratings for PowerShares KBW Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares KBW Bank ETF and related companies with Analyst Ratings Network's FREE daily email newsletter.