Shares of ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.53 and traded as high as $21.12. ArrowMark Financial shares last traded at $20.66, with a volume of 14,006 shares changing hands.
ArrowMark Financial Trading Down 0.3%
The stock's fifty day moving average price is $20.56 and its 200 day moving average price is $20.59.
ArrowMark Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.76%. The ex-dividend date was Monday, June 23rd.
Institutional Trading of ArrowMark Financial
A number of hedge funds have recently modified their holdings of the business. Catalina Capital Group LLC boosted its stake in ArrowMark Financial by 51.9% in the 2nd quarter. Catalina Capital Group LLC now owns 15,678 shares of the investment management company's stock worth $328,000 after purchasing an additional 5,354 shares in the last quarter. Round Rock Advisors LLC increased its position in shares of ArrowMark Financial by 283.9% during the 1st quarter. Round Rock Advisors LLC now owns 163,933 shares of the investment management company's stock valued at $3,451,000 after purchasing an additional 121,233 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in ArrowMark Financial by 3.8% in the first quarter. Oppenheimer & Co. Inc. now owns 24,828 shares of the investment management company's stock worth $523,000 after acquiring an additional 899 shares during the period. Noble Wealth Management PBC raised its position in ArrowMark Financial by 202.0% in the first quarter. Noble Wealth Management PBC now owns 50,121 shares of the investment management company's stock worth $1,055,000 after acquiring an additional 33,522 shares during the period. Finally, Principal Street Partners LLC bought a new position in ArrowMark Financial in the fourth quarter worth approximately $261,000. Institutional investors own 24.93% of the company's stock.
About ArrowMark Financial
(
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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.
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