Noble Wealth Management PBC boosted its stake in ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) by 202.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,121 shares of the investment management company's stock after purchasing an additional 33,522 shares during the quarter. Noble Wealth Management PBC owned approximately 0.70% of ArrowMark Financial worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the stock. Everstar Asset Management LLC boosted its position in shares of ArrowMark Financial by 6.0% during the 4th quarter. Everstar Asset Management LLC now owns 23,198 shares of the investment management company's stock valued at $487,000 after acquiring an additional 1,321 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of ArrowMark Financial by 7.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company's stock valued at $502,000 after acquiring an additional 1,655 shares during the last quarter. Stifel Financial Corp boosted its position 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 valued at $3,519,000 after acquiring an additional 6,683 shares during the last quarter. Millennium Management LLC bought a new stake in shares of ArrowMark Financial during the 4th quarter valued at about $220,000. Finally, Principal Street Partners LLC bought a new stake in shares of ArrowMark Financial during the 4th quarter valued at about $261,000. Institutional investors own 24.93% of the company's stock.
ArrowMark Financial Stock Performance
Shares of BANX traded down $0.09 during trading hours on Friday, reaching $20.28. 15,992 shares of the company's stock traded hands, compared to its average volume of 21,307. The firm's 50 day simple moving average is $20.01 and its 200-day simple moving average is $20.61. ArrowMark Financial Corp. has a 12 month low of $17.99 and a 12 month high of $21.67.
ArrowMark Financial 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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