Closed End Fund Advisors Inc. Takes Position in ArrowMark Financial Corp. $BANX

Closed End Fund Advisors Inc. acquired a new stake in ArrowMark Financial Corp. (NASDAQ:BANX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 69,337 shares of the investment management company’s stock, valued at approximately $1,513,000. Closed End Fund Advisors Inc. owned approximately 0.97% of ArrowMark Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in ArrowMark Financial in the third quarter valued at $205,000. Marshall Wace LLP acquired a new stake in ArrowMark Financial in the second quarter valued at $386,000. Osaic Holdings Inc. raised its stake in ArrowMark Financial by 26.5% in the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company’s stock valued at $476,000 after buying an additional 4,762 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in ArrowMark Financial by 39.3% in the third quarter. Oppenheimer & Co. Inc. now owns 22,293 shares of the investment management company’s stock valued at $489,000 after buying an additional 6,284 shares in the last quarter. Finally, Everstar Asset Management LLC raised its stake in ArrowMark Financial by 4.5% in the fourth quarter. Everstar Asset Management LLC now owns 46,192 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 2,004 shares in the last quarter. 24.93% of the stock is currently owned by institutional investors and hedge funds.

ArrowMark Financial Stock Performance

ArrowMark Financial stock opened at $19.61 on Friday. ArrowMark Financial Corp. has a 1-year low of $18.45 and a 1-year high of $23.67. The stock’s fifty day moving average is $19.56 and its two-hundred day moving average is $20.43.

ArrowMark Financial Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 9.2%.

ArrowMark Financial Profile

ArrowMark Financial Corporation (NASDAQ: BANX) is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.

Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.