PowerShares KBW Bank Portfolio (KBWB) Position Held by Peapack Gladstone Financial Corp
Peapack Gladstone Financial Corp continued to hold its position in shares of PowerShares KBW Bank Portfolio (NASDAQ:KBWB) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,237 shares of the company’s stock at the end of the second quarter. Peapack Gladstone Financial Corp’s holdings in PowerShares KBW Bank Portfolio were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBWB. Cranbrook Wealth Management LLC acquired a new position in PowerShares KBW Bank Portfolio in the 2nd quarter valued at about $101,000. Flagship Harbor Advisors LLC acquired a new position in PowerShares KBW Bank Portfolio in the 2nd quarter valued at about $209,000. JPMorgan Chase & Co. acquired a new position in PowerShares KBW Bank Portfolio in the 2nd quarter valued at about $300,000. Usca Ria LLC grew its position in PowerShares KBW Bank Portfolio by 32.6% in the 2nd quarter. Usca Ria LLC now owns 11,800 shares of the company’s stock valued at $582,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in PowerShares KBW Bank Portfolio by 2.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,107 shares of the company’s stock valued at $597,000 after acquiring an additional 289 shares in the last quarter.
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PowerShares KBW Bank Portfolio (NASDAQ:KBWB) traded down 0.21% during trading on Monday, reaching $51.86. The company’s stock had a trading volume of 19,358 shares. PowerShares KBW Bank Portfolio has a 1-year low of $36.18 and a 1-year high of $52.32. The company’s 50-day moving average is $49.15 and its 200-day moving average is $48.28.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were paid a $0.2185 dividend. The ex-dividend date was Monday, September 18th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from PowerShares KBW Bank Portfolio’s previous quarterly dividend of $0.18.
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