Capital Investment Advisors LLC Cuts Stake in ArrowMark Financial Corp. (NASDAQ:BANX)

Capital Investment Advisors LLC cut its position in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,496 shares of the investment management company’s stock after selling 2,250 shares during the period. Capital Investment Advisors LLC owned approximately 0.40% of ArrowMark Financial worth $600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BANX. Millennium Management LLC bought a new stake in shares of ArrowMark Financial in the 4th quarter valued at approximately $220,000. Principal Street Partners LLC purchased a new position in ArrowMark Financial during the 4th quarter worth $261,000. Noble Wealth Management PBC purchased a new position in shares of ArrowMark Financial in the 4th quarter valued at $348,000. Everstar Asset Management LLC increased its holdings in shares of ArrowMark Financial by 6.0% in the 4th quarter. Everstar Asset Management LLC now owns 23,198 shares of the investment management company’s stock valued at $487,000 after acquiring an additional 1,321 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of ArrowMark Financial by 7.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company’s stock valued at $502,000 after acquiring an additional 1,655 shares during the period. 24.93% of the stock is owned by institutional investors.

ArrowMark Financial Price Performance

ArrowMark Financial stock opened at $20.35 on Wednesday. ArrowMark Financial Corp. has a 1-year low of $17.99 and a 1-year high of $21.67. The business has a fifty day moving average price of $19.91 and a 200-day moving average price of $20.62.

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.