Noble Wealth Management PBC boosted its holdings in ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) by 202.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 50,121 shares of the investment management company's stock after buying an additional 33,522 shares during the period. Noble Wealth Management PBC owned 0.70% of ArrowMark Financial worth $1,055,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its holdings in ArrowMark Financial by 7.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company's stock worth $502,000 after buying an additional 1,655 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of ArrowMark Financial during the fourth quarter worth $3,957,000. Everstar Asset Management LLC grew its stake in shares of 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 valued at $487,000 after buying an additional 1,321 shares during the period. Stifel Financial Corp grew its holdings in shares of ArrowMark Financial by 4.2% during 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 period. Finally, Millennium Management LLC purchased a new position in shares of ArrowMark Financial during the fourth quarter worth $220,000. 24.93% of the stock is owned by hedge funds and other institutional investors.
ArrowMark Financial Trading Up 0.2%
Shares of NASDAQ BANX traded up $0.04 during midday trading on Thursday, hitting $20.37. The company's stock had a trading volume of 8,614 shares, compared to its average volume of 21,323. The business's fifty day simple moving average is $19.97 and its two-hundred day simple moving average is $20.61. ArrowMark Financial Corp. has a 1 year low of $17.99 and a 1 year high of $21.67.
ArrowMark Financial Company Profile
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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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