ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $20.82 and traded as high as $21.12. ArrowMark Financial shares last traded at $20.94, with a volume of 5,015 shares traded.
ArrowMark Financial Stock Down 0.2 %
The firm's 50 day moving average price is $20.82 and its two-hundred day moving average price is $20.18.
ArrowMark Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 26th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date was Thursday, December 26th.
Institutional Trading of ArrowMark Financial
A number of hedge funds have recently made changes to their positions in the stock. Capital Investment Advisors LLC grew its stake 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 worth $740,000 after purchasing an additional 1,496 shares in the last quarter. Falcon Wealth Planning increased its position in ArrowMark Financial by 14.4% in the 3rd quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company's stock valued at $339,000 after acquiring an additional 2,054 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of ArrowMark Financial by 15.0% during the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company's stock valued at $461,000 after purchasing an additional 2,900 shares in the last quarter. Catalina Capital Group LLC bought a new stake in shares of ArrowMark Financial during the 3rd quarter worth about $213,000. Finally, Pathway Financial Advisers LLC lifted its position in ArrowMark Financial by 1,969.1% in the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company's stock worth $321,000 after purchasing an additional 14,768 shares during the period. Institutional investors and hedge funds own 24.93% of the company's stock.
About ArrowMark Financial
(
Get 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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