Accredited Investors Inc. Cuts Position in PowerShares KBW Bank Portfolio (NASDAQ:KBWB)

Accredited Investors Inc. lowered its position in shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) by 4.9% during the second quarter, Holdings Channel reports. The firm owned 592,101 shares of the company’s stock after selling 30,703 shares during the period. PowerShares KBW Bank Portfolio comprises approximately 7.6% of Accredited Investors Inc.’s investment portfolio, making the stock its 5th largest position. Accredited Investors Inc.’s holdings in PowerShares KBW Bank Portfolio were worth $29,214,000 as of its most recent SEC filing.

PowerShares KBW Bank Portfolio (KBWB) opened at 48.46 on Friday. The firm has a 50-day moving average of $49.42 and a 200 day moving average of $48.23. PowerShares KBW Bank Portfolio has a 52-week low of $35.58 and a 52-week high of $51.45.

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Want to see what other hedge funds are holding KBWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares KBW Bank Portfolio (NASDAQ:KBWB).

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

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