Pathway Financial Advisers LLC Increases Stock Position in ArrowMark Financial Corp. (NASDAQ:BANX)

Pathway Financial Advisers LLC lifted its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 1,969.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,518 shares of the investment management company’s stock after buying an additional 14,768 shares during the quarter. Pathway Financial Advisers LLC owned about 0.22% of ArrowMark Financial worth $321,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in ArrowMark Financial in the 1st quarter worth approximately $340,000. Falcon Wealth Planning purchased a new position in shares of ArrowMark Financial during the 2nd quarter valued at $264,000. Finally, Capital Investment Advisors LLC increased its holdings in shares of ArrowMark Financial by 4.4% in the third quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock worth $740,000 after purchasing an additional 1,496 shares during the period. 24.93% of the stock is currently owned by hedge funds and other institutional investors.

ArrowMark Financial Price Performance

NASDAQ:BANX opened at $20.20 on Friday. ArrowMark Financial Corp. has a 52-week low of $16.28 and a 52-week high of $21.67. The stock has a fifty day moving average of $20.42 and a 200 day moving average of $19.28.

ArrowMark Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.91%. The ex-dividend date of this dividend was Thursday, September 26th.

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.