ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $18.35 and traded as high as $18.51. ArrowMark Financial shares last traded at $18.40, with a volume of 12,583 shares traded.
ArrowMark Financial Trading Up 0.5 %
The business has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $18.32.
Institutional Investors Weigh In On ArrowMark Financial
A number of institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in shares of ArrowMark Financial during the first quarter worth approximately $340,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of ArrowMark Financial by 3.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 229,144 shares of the investment management company’s stock worth $4,353,000 after acquiring an additional 7,110 shares during the period. Finally, Capital Investment Advisors LLC boosted its holdings in shares of ArrowMark Financial by 4.0% during the fourth quarter. Capital Investment Advisors LLC now owns 32,250 shares of the investment management company’s stock worth $586,000 after acquiring an additional 1,250 shares during the period. Institutional investors own 24.93% of the company’s stock.
About ArrowMark Financial
(Get Free Report)
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.
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