Stifel Financial Corp lessened its holdings in ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,024 shares of the investment management company's stock after selling 25,682 shares during the quarter. Stifel Financial Corp owned 2.24% of ArrowMark Financial worth $3,332,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalina Capital Group LLC acquired a new position in ArrowMark Financial during the third quarter worth about $213,000. Pathway Financial Advisers LLC increased its stake in 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 purchasing an additional 14,768 shares in the last quarter. Falcon Wealth Planning raised its holdings in ArrowMark Financial by 14.4% during the third quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company's stock worth $339,000 after purchasing an additional 2,054 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in ArrowMark Financial by 15.0% during the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company's stock worth $461,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in ArrowMark Financial by 4.4% in the third quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company's stock valued at $740,000 after purchasing an additional 1,496 shares during the last quarter. Institutional investors and hedge funds own 24.93% of the company's stock.
ArrowMark Financial Trading Up 0.0 %
Shares of NASDAQ:BANX traded up $0.01 during midday trading on Wednesday, hitting $20.75. 15,124 shares of the stock were exchanged, compared to its average volume of 18,616. ArrowMark Financial Corp. has a twelve month low of $17.72 and a twelve month high of $21.67. The company has a 50 day moving average price of $20.60 and a 200-day moving average price of $19.91.
ArrowMark Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 26th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Thursday, December 26th.
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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