ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.26 and traded as high as $20.54. ArrowMark Financial shares last traded at $20.23, with a volume of 23,736 shares changing hands.
ArrowMark Financial Price Performance
The stock has a 50-day moving average price of $20.20 and a two-hundred day moving average price of $20.68.
ArrowMark Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.89%.
Hedge Funds Weigh In On ArrowMark Financial
Several hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new stake in ArrowMark Financial during the 4th quarter worth approximately $58,000. Falcon Wealth Planning increased its position in shares of ArrowMark Financial by 15.3% in the 4th quarter. Falcon Wealth Planning now owns 18,862 shares of the investment management company's stock valued at $396,000 after acquiring an additional 2,500 shares during the period. Round Rock Advisors LLC acquired a new position in shares of ArrowMark Financial in the 4th quarter valued at $896,000. Oppenheimer & Co. Inc. raised its stake in ArrowMark Financial by 7.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company's stock worth $502,000 after acquiring an additional 1,655 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in ArrowMark Financial during the 4th quarter worth about $348,000. Institutional investors and hedge funds own 24.93% of the company's stock.
ArrowMark Financial Company Profile
(
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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