Millennium Management LLC Makes New $220,000 Investment in ArrowMark Financial Corp. (NASDAQ:BANX)

Millennium Management LLC acquired a new position in ArrowMark Financial Corp. (NASDAQ:BANX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,542 shares of the investment management company’s stock, valued at approximately $220,000. Millennium Management LLC owned 0.15% of ArrowMark Financial at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of ArrowMark Financial in the 4th quarter worth approximately $3,957,000. Oppenheimer & Co. Inc. boosted its stake in 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 buying an additional 1,655 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in ArrowMark Financial in the 4th quarter valued at $348,000. Stifel Financial Corp boosted its stake in ArrowMark Financial by 4.2% in the 4th quarter. Stifel Financial Corp now owns 167,707 shares of the investment management company’s stock valued at $3,519,000 after buying an additional 6,683 shares in the last quarter. Finally, Everstar Asset Management LLC boosted its stake in 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 buying an additional 1,321 shares in the last quarter. Institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Stock Down 0.1%

Shares of BANX stock opened at $20.33 on Thursday. The stock’s fifty day simple moving average is $19.93 and its 200 day simple moving average is $20.62. ArrowMark Financial Corp. has a one year low of $17.99 and a one year high of $21.67.

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.