ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.62 and traded as low as $20.25. ArrowMark Financial shares last traded at $20.44, with a volume of 7,638 shares changing hands.
ArrowMark Financial Trading Up 1.0%
The stock has a 50-day moving average price of $19.92 and a two-hundred day moving average price of $20.62.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new position in ArrowMark Financial in the fourth quarter worth about $220,000. Principal Street Partners LLC purchased a new stake in ArrowMark Financial in the 4th quarter valued at about $261,000. Noble Wealth Management PBC purchased a new stake in shares of ArrowMark Financial in the fourth quarter valued at approximately $348,000. Everstar Asset Management LLC lifted its stake in ArrowMark Financial by 6.0% in the fourth quarter. Everstar Asset Management LLC now owns 23,198 shares of the investment management company’s stock worth $487,000 after acquiring an additional 1,321 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of ArrowMark Financial by 7.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company’s stock worth $502,000 after purchasing an additional 1,655 shares during the period. 24.93% of the stock is owned by hedge funds and other institutional investors.
ArrowMark Financial Company 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.
Featured Stories
- Five stocks we like better than ArrowMark Financial
- Large Cap Stock Definition and How to Invest
- Palantir Stock Holds Support, Despite Political Backlash
- 3 Dividend Kings To Consider
- 3 Tightly-Held Growth Stocks Set Up for Short Squeezes
- 3 REITs to Buy and Hold for the Long Term
- Science Applications International Is a Wicked Hot Buy in June
Receive News & Ratings for ArrowMark Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArrowMark Financial and related companies with MarketBeat.com's FREE daily email newsletter.
