ArrowMark Colorado Holdings LLC Sells 59,562 Shares of ArrowMark Financial Corp. $BANX

ArrowMark Colorado Holdings LLC trimmed its position in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 30.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,327 shares of the investment management company’s stock after selling 59,562 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 1.93% of ArrowMark Financial worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. increased its position in ArrowMark Financial by 0.8% in 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. Private Advisor Group LLC purchased a new stake in ArrowMark Financial during the third quarter valued at $205,000. Oppenheimer & Co. Inc. lifted its position in ArrowMark Financial by 39.3% during the third quarter. Oppenheimer & Co. Inc. now owns 22,293 shares of the investment management company’s stock valued at $489,000 after purchasing an additional 6,284 shares during the last quarter. Belpointe Asset Management LLC bought a new position in ArrowMark Financial during the third quarter valued at $204,000. Finally, Accurate Wealth Management LLC purchased a new position in shares of ArrowMark Financial in the 3rd quarter worth $311,000. 24.93% of the stock is currently owned by institutional investors.

ArrowMark Financial Stock Performance

ArrowMark Financial stock opened at $19.11 on Monday. The company’s 50-day moving average price is $20.51 and its 200-day moving average price is $21.24. ArrowMark Financial Corp. has a twelve month low of $17.99 and a twelve month high of $23.67.

ArrowMark Financial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 9.4%.

About ArrowMark Financial

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.