Fifth Third Bancorp Acquires Stake in Global X Variable Rate Preferred ETF
1 report, 1 independent
Updated Sep 26
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What happened
Fifth Third Bancorp bought a new stake in the Global X Variable Rate Preferred ETF. The purchase was made during the first quarter and was valued at approximately $214,000. The ETF, which trades under the ticker PFFV, saw institutional investors and hedge funds add to or reduce their stakes in the company.
From tickerreport.com
Why it matters
The purchase represents a corporate investment by Fifth Third Bancorp into a specific financial product. The ETF itself has seen significant institutional trading activity, including a 357.4% growth in short interest as of mid-September.
From tickerreport.com
Who's involved
- Fifth Third BancorpPurchaser of the ETF stake
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The entities involved
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Fifth Third Bancorp
American bank holding company
Related events
- Fifth Third Bancorp bought a stake in the Innovator U.S. Equity Power Buffer ETF.
- Fifth Third Bancorp boosted its position in the Vanguard Russell 1000 Growth ETF, while ETF Portfolio Partners Inc. bought a new stake in the ETF.
- Fifth Third Bancorp purchased a new stake in the Morgan Stanley Pathway Large Cap Equity ETF.
- Fifth Third Bancorp bought a new stake in the Dimensional Global Core Plus Fixed Income ETF during the first quarter of the year.
- Fifth Third Bancorp purchased a new stake in the Dimensional Emerging Markets Value ETF during Q1.