Fifth Third Bancorp (NASDAQ:FITBI) Trading Down 0.2%

Fifth Third Bancorp (NASDAQ:FITBI) shares fell 0.2% during mid-day trading on Monday . The stock traded as low as $25.22 and last traded at $25.25. 28,489 shares were traded during mid-day trading, a decline of 2% from the average session volume of 29,060 shares. The stock had previously closed at $25.30.

Fifth Third Bancorp Price Performance

The company has a 50 day simple moving average of $25.55 and a 200-day simple moving average of $25.35.

Fifth Third Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 28th were paid a dividend of $0.5879 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 9.29%. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, March 27th.

Institutional Trading of Fifth Third Bancorp

A hedge fund recently bought a new stake in Fifth Third Bancorp stock. Operose Advisors LLC bought a new position in Fifth Third Bancorp (NASDAQ:FITBI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,220 shares of the company’s stock, valued at approximately $31,000.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.