ArrowMark Colorado Holdings LLC lessened its position in ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) by 18.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,145 shares of the investment management company's stock after selling 44,723 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 2.73% of ArrowMark Financial worth $4,090,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Catalina Capital Group LLC bought a new stake in shares of ArrowMark Financial in the third quarter worth $213,000. Falcon Wealth Planning bought a new position in shares of ArrowMark Financial in the 2nd quarter valued at about $264,000. Pathway Financial Advisers LLC grew its holdings in shares of ArrowMark Financial by 1,969.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company's stock valued at $321,000 after acquiring an additional 14,768 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of ArrowMark Financial by 15.0% in the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company's stock valued at $461,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its holdings in ArrowMark Financial by 3.0% during the second quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company's stock worth $631,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 24.93% of the company's stock.
ArrowMark Financial Stock Down 0.5 %
Shares of NASDAQ:BANX traded down $0.10 during trading on Tuesday, hitting $20.70. 7,340 shares of the company were exchanged, compared to its average volume of 18,837. ArrowMark Financial Corp. has a fifty-two week low of $17.00 and a fifty-two week high of $21.67. The firm has a fifty day moving average price of $20.56 and a two-hundred day moving average price of $19.71.
ArrowMark Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.70%. The ex-dividend date was Thursday, September 26th.
ArrowMark Financial Profile
(
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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