ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.74 and traded as high as $21.04. ArrowMark Financial shares last traded at $20.72, with a volume of 15,414 shares traded.
ArrowMark Financial Trading Down 0.8%
The business's 50-day moving average is $20.73 and its 200-day moving average is $20.52.
ArrowMark Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.8%. The ex-dividend date was Monday, June 23rd.
Institutional Investors Weigh In On ArrowMark Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in ArrowMark Financial during the 4th quarter worth approximately $220,000. Principal Street Partners LLC acquired a new stake in shares of ArrowMark Financial in the fourth quarter valued at approximately $261,000. Catalina Capital Group LLC increased its holdings in ArrowMark Financial by 51.9% during the second quarter. Catalina Capital Group LLC now owns 15,678 shares of the investment management company's stock worth $328,000 after buying an additional 5,354 shares during the last quarter. Marshall Wace LLP acquired a new position in ArrowMark Financial during the second quarter worth $386,000. Finally, Oppenheimer & Co. Inc. increased its holdings 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 purchasing an additional 899 shares during the last quarter. Institutional investors and hedge funds 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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