Noble Wealth Management PBC Increases Stake in ArrowMark Financial Corp. (NASDAQ:BANX)

Noble Wealth Management PBC raised its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 202.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,121 shares of the investment management company’s stock after buying an additional 33,522 shares during the period. Noble Wealth Management PBC owned about 0.70% of ArrowMark Financial worth $1,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BANX. Raymond James Financial Inc. purchased a new stake in shares of ArrowMark Financial in the fourth quarter worth $3,957,000. Stifel Financial Corp increased its stake in shares of ArrowMark Financial by 4.2% in the fourth quarter. Stifel Financial Corp now owns 167,707 shares of the investment management company’s stock worth $3,519,000 after purchasing an additional 6,683 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of ArrowMark Financial by 7.4% in the fourth 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 in the last quarter. Everstar Asset Management LLC increased its stake in shares of 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 purchasing an additional 1,321 shares in the last quarter. Finally, Principal Street Partners LLC purchased a new stake in shares of ArrowMark Financial in the fourth quarter worth $261,000. 24.93% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Price Performance

Shares of NASDAQ BANX opened at $20.33 on Thursday. The firm has a fifty day moving average price of $19.93 and a 200-day moving average price of $20.62. ArrowMark Financial Corp. has a 1 year low of $17.99 and a 1 year high of $21.67.

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.