The KBW Bank Portfolio (NASDAQ:KBWB) is seeing unusually high volume in afternoon trading Friday, with over 1.0 million shares traded versus three month average volume of about 248,000. Shares of KBWB were down about 0.9% on the day.
Components of that ETF with the highest volume on Friday were Bank of America (NYSE:BAC), trading off about 0.5% with over 51.0 million shares changing hands so far this session, and Wells Fargo (NYSE:WFC), off about 0.2% on volume of over 8.5 million shares. First Niagara Financial Group (NASDAQ:FNFG) is the component faring the best Friday, up by about 0.4% on the day, while Bank of New York Mellon (NYSE:BK) is lagging other components of the KBW Bank Portfolio, trading lower by about 2.5%.
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