ArrowMark Financial Corp. (NASDAQ:BANX) Stake Lowered by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,746 shares of the investment management company’s stock after selling 5,000 shares during the quarter. Capital Investment Advisors LLC owned approximately 0.43% of ArrowMark Financial worth $645,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BANX. 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. boosted its stake in shares of ArrowMark Financial by 15.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock worth $461,000 after acquiring an additional 2,900 shares in the last quarter. Catalina Capital Group LLC acquired a new stake in shares of ArrowMark Financial in the third quarter worth $213,000. Finally, Pathway Financial Advisers LLC boosted its position in shares of 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 buying an additional 14,768 shares during the period. 24.93% of the stock is owned by institutional investors.

ArrowMark Financial Price Performance

Shares of ArrowMark Financial stock opened at $20.47 on Thursday. The business has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $20.26. ArrowMark Financial Corp. has a 12 month low of $17.81 and a 12 month high of $21.67.

ArrowMark Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 26th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, December 26th. This represents a $1.80 annualized dividend and a dividend yield of 8.79%.

About ArrowMark Financial

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.