The KBW Bank Index closed at $67.42 on Friday. That index is tracked by the PowerShares KBW Bank Portfolio (NYSEArca: KBWB). KBWB is up 28% this year, which is slightly better than its index, indicating that tracking error is not a big problem with this ETF. [Big Bank ETF Boom May be Near]
KBWB allocates about a third of its weight to, in this order, Citigroup (NYSE: C), Bank of America (NYSE: BAC), J.P. Morgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC). J.P. Morgan Chase, Wells Fargo, Berkshire Hathaway (NYSE: BRK-B) and Bank of America are XLF’s top-four holdings, combining for 30.8% of that fund’s weight.
PowerShares KBW Bank Portfolio
ETF Trends editorial team contributed to this post.