Capital Investment Advisors LLC Reduces Position in ArrowMark Financial Corp. $BANX

Capital Investment Advisors LLC lessened its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,496 shares of the investment management company’s stock after selling 1,000 shares during the period. Capital Investment Advisors LLC owned 0.39% of ArrowMark Financial worth $575,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its stake in ArrowMark Financial by 3.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 24,828 shares of the investment management company’s stock valued at $523,000 after acquiring an additional 899 shares in the last quarter. Millennium Management LLC purchased a new stake in ArrowMark Financial during the 4th quarter valued at about $220,000. Noble Wealth Management PBC grew its stake in shares of ArrowMark Financial by 202.0% in the 1st quarter. Noble Wealth Management PBC now owns 50,121 shares of the investment management company’s stock valued at $1,055,000 after buying an additional 33,522 shares during the period. Finally, Round Rock Advisors LLC grew its stake in shares of ArrowMark Financial by 283.9% in the 1st quarter. Round Rock Advisors LLC now owns 163,933 shares of the investment management company’s stock valued at $3,451,000 after buying an additional 121,233 shares during the period. Hedge funds and other institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Price Performance

ArrowMark Financial stock opened at $22.00 on Friday. The firm has a 50 day simple moving average of $21.13 and a 200-day simple moving average of $20.61. ArrowMark Financial Corp. has a 1-year low of $17.99 and a 1-year high of $23.67.

ArrowMark Financial Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a dividend yield of 810.0%.

About ArrowMark Financial

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.