5 Best Financial and Fintech ETFs To Buy

In this article, we discuss 5 best financial and fintech ETFs to buy. If you want to read our discussion on the financial industry, head directly to 10 Best Financial and Fintech ETFs To Buy. 

5. Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

5-Year Performance as of August 9: 34.22%

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) tracks the invest results of the KBW Nasdaq Property & Casualty Index. The ETF was introduced on December 2, 2010. As of August 8, 2023, Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) holds 25 stocks in its portfolio and maintains an expense ratio of 0.35%. It is one of the best financial ETFs to watch. 

American International Group, Inc. (NYSE:AIG) is the largest holding of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP). American International Group, Inc. (NYSE:AIG) provides insurance products for commercial, institutional, and individual customers worldwide. On August 2, American International Group, Inc. (NYSE:AIG) declared a $0.36 per share quarterly dividend, in line with previous. The dividend is payable on September 29, to shareholders of record on September 15. 

According to Insider Monkey’s first quarter database, 46 hedge funds were bullish on American International Group, Inc. (NYSE:AIG), with combined stakes worth approximately $2 billion. Ric Dillon’s Diamond Hill Capital is the leading stakeholder of the company, with 16 million shares worth $808.8 million. 

Third Point Management made the following comment about American International Group, Inc. (NYSE:AIG) in its Q1 2023 investor letter:

“FIS and American International Group, Inc. (NYSE:AIG) were also hit by the indiscriminate defenestration of most Financials immediately following the collapse of SVB, but AIG has rallied nearly 8% from its lows and our thesis, which we wrote about in our last quarterly letter, remains the same.”