ArrowMark Colorado Holdings LLC Sells 44,723 Shares of ArrowMark Financial Corp. (NASDAQ:BANX)

ArrowMark Colorado Holdings LLC lowered its position in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 18.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,145 shares of the investment management company’s stock after selling 44,723 shares during the period. ArrowMark Colorado Holdings LLC owned about 2.73% of ArrowMark Financial worth $4,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalina Capital Group LLC purchased a new position in shares of ArrowMark Financial during the 3rd quarter valued at about $213,000. Falcon Wealth Planning bought a new stake in shares of ArrowMark Financial in the 2nd quarter worth approximately $264,000. Pathway Financial Advisers LLC boosted its stake 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 purchasing an additional 14,768 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings 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 valued at $461,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its position in ArrowMark Financial by 3.0% in the 2nd quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock worth $631,000 after purchasing an additional 1,000 shares during the period. 24.93% of the stock is currently owned by hedge funds and other institutional investors.

ArrowMark Financial Stock Performance

NASDAQ BANX opened at $20.80 on Tuesday. The company has a 50-day simple moving average of $20.56 and a two-hundred day simple moving average of $19.71. ArrowMark Financial Corp. has a 12-month low of $17.00 and a 12-month high of $21.67.

ArrowMark Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.65%. The ex-dividend date was Thursday, September 26th.

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.