ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.42 and traded as high as $20.88. ArrowMark Financial shares last traded at $20.80, with a volume of 9,404 shares.
ArrowMark Financial Price Performance
The company's 50-day simple moving average is $20.46 and its 200-day simple moving average is $20.61.
ArrowMark Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date of this dividend was Monday, June 23rd.
Institutional Trading of ArrowMark Financial
A number of hedge funds have recently made changes to their positions in BANX. Round Rock Advisors LLC grew its position in shares of ArrowMark Financial by 283.9% during the first quarter. Round Rock Advisors LLC now owns 163,933 shares of the investment management company's stock worth $3,451,000 after acquiring an additional 121,233 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in ArrowMark Financial by 3.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 24,828 shares of the investment management company's stock valued at $523,000 after buying an additional 899 shares in the last quarter. Noble Wealth Management PBC grew its position in ArrowMark Financial by 202.0% in the 1st quarter. Noble Wealth Management PBC now owns 50,121 shares of the investment management company's stock valued at $1,055,000 after buying an additional 33,522 shares in the last quarter. Principal Street Partners LLC bought a new position in ArrowMark Financial in the 4th quarter valued at about $261,000. Finally, Millennium Management LLC bought a new position in ArrowMark Financial in the 4th quarter valued at about $220,000. Institutional investors and hedge funds own 24.93% of the company's stock.
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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