PowerShares KBW Bank Portfolio (KBWB) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) by 295.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,837 shares of the company’s stock after buying an additional 29,026 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PowerShares KBW Bank Portfolio were worth $2,137,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of PowerShares KBW Bank Portfolio during the 4th quarter valued at approximately $959,000. Private Advisor Group LLC purchased a new position in shares of PowerShares KBW Bank Portfolio during the 3rd quarter valued at approximately $214,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of PowerShares KBW Bank Portfolio by 8.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 87,630 shares of the company’s stock valued at $4,821,000 after buying an additional 6,740 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of PowerShares KBW Bank Portfolio by 23.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 59,957 shares of the company’s stock valued at $3,070,000 after buying an additional 11,269 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of PowerShares KBW Bank Portfolio by 79.3% during the 4th quarter. Venturi Wealth Management LLC now owns 43,175 shares of the company’s stock valued at $2,375,000 after buying an additional 19,100 shares during the last quarter.

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Shares of KBWB opened at $54.21 on Monday. PowerShares KBW Bank Portfolio has a 12-month low of $45.34 and a 12-month high of $60.38.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Tuesday, March 20th were paid a dividend of $0.1946 per share. This represents a $0.78 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Monday, March 19th.

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

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