Shares of ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.51 and traded as high as $21.17. ArrowMark Financial shares last traded at $21.01, with a volume of 51,245 shares.
ArrowMark Financial Price Performance
The company's 50-day moving average price is $20.51 and its two-hundred day moving average price is $19.39.
ArrowMark Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.53%. The ex-dividend date was Thursday, September 26th.
Institutional Trading of ArrowMark Financial
A number of institutional investors have recently made changes to their positions in BANX. Catalina Capital Group LLC purchased a new stake in shares of ArrowMark Financial in the 3rd quarter valued at approximately $213,000. Falcon Wealth Planning lifted its position in shares of 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 in the last quarter. Pathway Financial Advisers LLC lifted its position 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. Capital Investment Advisors LLC lifted its position in shares of ArrowMark Financial by 4.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company's stock valued at $740,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in ArrowMark Financial in the 1st quarter valued at approximately $340,000. 24.93% of the stock is owned by institutional investors and hedge funds.
ArrowMark Financial Company Profile
(
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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