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 traded.
ArrowMark Financial Stock Performance
The firm's 50 day moving average is $20.46 and its two-hundred day moving average is $20.60.
ArrowMark Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.80 annualized dividend and a yield of 8.56%.
Institutional Investors Weigh In On ArrowMark Financial
Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in ArrowMark Financial in the 4th quarter worth about $3,957,000. Everstar Asset Management LLC grew its position in ArrowMark Financial by 6.0% in the 4th quarter. Everstar Asset Management LLC now owns 23,198 shares of the investment management company's stock worth $487,000 after purchasing an additional 1,321 shares during the last quarter. Stifel Financial Corp grew its position in ArrowMark Financial by 4.2% in the 4th quarter. Stifel Financial Corp now owns 167,707 shares of the investment management company's stock worth $3,519,000 after purchasing an additional 6,683 shares during the last quarter. Millennium Management LLC bought a new position in ArrowMark Financial in the 4th quarter worth about $220,000. Finally, Principal Street Partners LLC bought a new position in ArrowMark Financial in the 4th quarter worth about $261,000. Institutional investors and hedge funds own 24.93% of the company's stock.
ArrowMark Financial Company Profile
(
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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.
Further Reading
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