Falcon Wealth Planning Has $339,000 Stock Holdings in ArrowMark Financial Corp. (NASDAQ:BANX)

Falcon Wealth Planning grew its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 14.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,362 shares of the investment management company’s stock after purchasing an additional 2,054 shares during the period. Falcon Wealth Planning’s holdings in ArrowMark Financial were worth $339,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BANX. Capital Investment Advisors LLC increased its position in ArrowMark Financial by 4.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock valued at $740,000 after purchasing an additional 1,496 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of ArrowMark Financial in the 1st quarter valued at $340,000. Finally, Pathway Financial Advisers LLC increased its position in shares of ArrowMark Financial by 1,969.1% during the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock worth $321,000 after buying an additional 14,768 shares during the period. Institutional investors and hedge funds own 24.93% of the company’s stock.

ArrowMark Financial Price Performance

BANX stock traded up $0.14 during midday trading on Tuesday, hitting $21.15. The stock had a trading volume of 14,870 shares, compared to its average volume of 18,311. The business has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $19.39. ArrowMark Financial Corp. has a 1-year low of $16.40 and a 1-year high of $21.67.

ArrowMark Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.51%.

ArrowMark Financial 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.