Capital Investment Advisors LLC increased its holdings in ArrowMark Financial Corp. (NASDAQ:BANX – Free Report) by 4.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,746 shares of the investment management company’s stock after buying an additional 1,496 shares during the period. Capital Investment Advisors LLC’s holdings in ArrowMark Financial were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Oppenheimer & Co. Inc. bought a new position in shares of ArrowMark Financial in the 1st quarter worth $340,000. 24.93% of the stock is owned by institutional investors and hedge funds.
ArrowMark Financial Stock Down 0.5 %
Shares of BANX stock opened at $20.48 on Monday. The stock’s 50-day moving average is $20.33 and its 200 day moving average is $19.22. ArrowMark Financial Corp. has a 1-year low of $16.28 and a 1-year high of $21.67.
ArrowMark Financial Announces Dividend
ArrowMark Financial Profile
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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