ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.61 and traded as low as $20.45. ArrowMark Financial shares last traded at $20.86, with a volume of 20,768 shares.
ArrowMark Financial Trading Down 0.8%
The stock's fifty day moving average price is $20.24 and its 200-day moving average price is $20.61.
ArrowMark Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 23rd will be issued a $0.45 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.80 annualized dividend and a yield of 8.62%.
Hedge Funds Weigh In On ArrowMark Financial
Several institutional investors have recently bought and sold shares of BANX. Millennium Management LLC purchased a new stake in shares of ArrowMark Financial during the 4th quarter worth $220,000. Principal Street Partners LLC acquired a new stake in ArrowMark Financial in the fourth quarter valued at $261,000. Noble Wealth Management PBC purchased a new stake in ArrowMark Financial during the 4th quarter worth about $348,000. Everstar Asset Management LLC boosted its position in shares of ArrowMark Financial by 6.0% during the 4th quarter. Everstar Asset Management LLC now owns 23,198 shares of the investment management company's stock worth $487,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of ArrowMark Financial by 7.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company's stock valued at $502,000 after acquiring an additional 1,655 shares during the last quarter. 24.93% of the stock is owned by institutional investors and hedge funds.
About ArrowMark Financial
(
Get Free Report)
ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.
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