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

ArrowMark Colorado Holdings LLC cut its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 18.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 196,145 shares of the investment management company’s stock after selling 44,723 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in ArrowMark Financial were worth $4,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalina Capital Group LLC bought a new stake in ArrowMark Financial in the third quarter valued at $213,000. Falcon Wealth Planning bought a new stake in shares of ArrowMark Financial during the 2nd quarter valued at about $264,000. Pathway Financial Advisers LLC increased its position in shares of ArrowMark Financial by 1,969.1% during the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after buying an additional 14,768 shares during the period. Oppenheimer & Co. Inc. raised its stake in ArrowMark Financial by 15.0% in the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock worth $461,000 after buying an additional 2,900 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in ArrowMark Financial by 3.0% in the second quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock worth $631,000 after buying an additional 1,000 shares during the period. Institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Stock Up 0.5 %

ArrowMark Financial stock opened at $20.80 on Tuesday. ArrowMark Financial Corp. has a fifty-two week low of $17.00 and a fifty-two week high of $21.67. The stock’s 50 day simple moving average is $20.56 and its two-hundred day simple moving average is $19.71.

ArrowMark Financial Dividend Announcement

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

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.