BANX

ArrowMark Financial
BANX

$20.25

1.12%

Market Cap: $144M

About: ArrowMark Financial Corp is a non-diversified, closed-end management investment company. Its objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The company's investments in various portfolios such as debt securities, Trust Preferred and Preferred Securities, preferred securities, exchange-traded funds, money market funds, and others.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 25 [Q1] → 25 (+0) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 1 | Existing positions closed: 1

6.49% less ownership

Funds ownership: 25.03% [Q1] → 18.54% (-6.49%) [Q2]

28% less capital invested

Capital invested by funds: $33.8M [Q1] → $24.3M (-$9.5M) [Q2]

50% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 10

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Research analyst outlook

We haven’t received any recent analyst ratings for BANX.

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Financial journalist opinion

Based on 3 articles about BANX published over the past 30 days

5 Best CEFs This Month For Nearly 9% Yield (August 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For Nearly 9% Yield (August 2024)

Arrowmark Financial: Big Yield On Niche Assets

Arrowmark Financial offers niche high-yield income investments in the financial sector. BANX focuses on regulatory capital relief securities, with top holdings in G-SIBs like Citigroup and Deutsche Bank. BANX has seen significant growth in NII and dividends, outperforming its industry and the S&P 500 on a total return basis.

Arrowmark Financial: Big Yield On Niche Assets

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of July 2024

DENVER, Aug. 14, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of July 31, 2024, was $21.75.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of July 2024

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2024

DENVER, July 11, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of June 30, 2024, was $21.58.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2024

BANX: Producing Steady Cash Flow For Income Investors

ArrowMark Financial Corp is an enticing investment choice in the high-yield space, coming back down to an attractive discount level. BANX invests in regulatory capital relief securities, which have been helping deliver solid cash flows due to their floating rates. Even with potential rate cuts on the horizon, BANX is expected to maintain strong distribution coverage as long as we don't fall back to a zero-rate environment.

BANX: Producing Steady Cash Flow For Income Investors

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of May 2024

DENVER, June 18, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of May 31, 2024, was $21.76.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of May 2024

5 Best CEFs This Month For A 10% Yield (May 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For A 10% Yield (May 2024)

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of April 2024

DENVER, May 13, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of April 30, 2024, was $21.49.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of April 2024

5 Best CEFs This Month For A 9% Yield (April 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns.

5 Best CEFs This Month For A 9% Yield (April 2024)

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