BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Shares Up 0.6% – Here’s What Happened

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was up 0.6% during mid-day trading on Monday . The company traded as high as $26.27 and last traded at $26.27. Approximately 4 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 804 shares. The stock had previously closed at $26.11.

BFC Capital Trust II PFD TR 7.20% Trading Up 0.6%

The stock’s 50-day moving average is $26.21 and its 200 day moving average is $26.18.

Hedge Funds Weigh In On BFC Capital Trust II PFD TR 7.20%

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.

The trust’s primary activity is the administration of these fixed-rate trust preferred securities.