Shares of ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.62 and traded as low as $20.25. ArrowMark Financial shares last traded at $20.44, with a volume of 7,638 shares traded.
ArrowMark Financial Trading Down 0.4%
The stock has a fifty day moving average of $19.92 and a 200-day moving average of $20.62.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in BANX. Round Rock Advisors LLC lifted its position in 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 worth $3,451,000 after buying an additional 121,233 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of ArrowMark Financial by 3.8% in the first quarter. Oppenheimer & Co. Inc. now owns 24,828 shares of the investment management company's stock valued at $523,000 after acquiring an additional 899 shares during the last quarter. Noble Wealth Management PBC raised its holdings in ArrowMark Financial by 202.0% during 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 in the last quarter. Principal Street Partners LLC bought a new stake in ArrowMark Financial during the fourth quarter worth about $261,000. Finally, Millennium Management LLC acquired a new position in ArrowMark Financial during the fourth quarter valued at approximately $220,000. 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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