Round Rock Advisors LLC grew its position in shares of ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) by 283.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,933 shares of the investment management company's stock after buying an additional 121,233 shares during the period. Round Rock Advisors LLC owned approximately 2.30% of ArrowMark Financial worth $3,451,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in ArrowMark Financial during the 4th quarter worth $3,957,000. Stifel Financial Corp increased its position in 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 buying an additional 6,683 shares during the period. Noble Wealth Management PBC increased its position in ArrowMark Financial by 202.0% during the 1st quarter. Noble Wealth Management PBC now owns 50,121 shares of the investment management company's stock worth $1,055,000 after buying an additional 33,522 shares during the period. Oppenheimer & Co. Inc. increased its position in ArrowMark Financial by 3.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 24,828 shares of the investment management company's stock worth $523,000 after buying an additional 899 shares during the period. Finally, Everstar Asset Management LLC increased its position in 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 worth $487,000 after buying an additional 1,321 shares during the period. Institutional investors own 24.93% of the company's stock.
ArrowMark Financial Stock Down 1.0%
Shares of NASDAQ BANX traded down $0.22 during mid-day trading on Friday, reaching $21.02. The company had a trading volume of 6,093 shares, compared to its average volume of 20,928. ArrowMark Financial Corp. has a one year low of $17.99 and a one year high of $21.67. The business's 50-day simple moving average is $20.46 and its 200 day simple moving average is $20.60.
ArrowMark Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date of this dividend was Monday, June 23rd.
About ArrowMark Financial
(
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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