Closed End Fund Advisors Inc. acquired a new position in shares of ArrowMark Financial Corp. (NASDAQ:BANX – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 69,337 shares of the investment management company’s stock, valued at approximately $1,513,000.
Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. grew its holdings in shares of ArrowMark Financial by 0.8% during the third quarter. Raymond James Financial Inc. now owns 179,070 shares of the investment management company’s stock worth $3,925,000 after purchasing an additional 1,414 shares during the last quarter. Everstar Asset Management LLC grew its holdings in shares of ArrowMark Financial by 4.5% during the fourth quarter. Everstar Asset Management LLC now owns 46,192 shares of the investment management company’s stock worth $1,000,000 after purchasing an additional 2,004 shares during the last quarter. Noble Wealth Management PBC grew its holdings in shares of ArrowMark Financial by 3.9% during the fourth quarter. Noble Wealth Management PBC now owns 80,711 shares of the investment management company’s stock worth $1,761,000 after purchasing an additional 3,032 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of ArrowMark Financial by 26.5% during the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company’s stock worth $476,000 after purchasing an additional 4,762 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of ArrowMark Financial by 39.3% during the third quarter. Oppenheimer & Co. Inc. now owns 22,293 shares of the investment management company’s stock worth $489,000 after purchasing an additional 6,284 shares during the last quarter. Hedge funds and other institutional investors own 24.93% of the company’s stock.
ArrowMark Financial Stock Down 0.5%
Shares of BANX stock opened at $19.61 on Friday. The stock’s 50-day moving average is $19.56 and its two-hundred day moving average is $20.43. ArrowMark Financial Corp. has a 1 year low of $18.45 and a 1 year high of $23.67.
ArrowMark Financial Dividend Announcement
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.
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