Arrow Reserve Capital Management ETF (BATS:ARCM) Declares Monthly Dividend of $0.30

Arrow Reserve Capital Management ETF (BATS:ARCM) declared a monthly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.3049 per share on Monday, October 5th. This represents a $3.66 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 30th. This is a 11.7% increase from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.2729.

Arrow Reserve Capital Management ETF Stock Up 0.0%

BATS ARCM opened at $100.14 on Wednesday. The stock has a 50-day moving average of $100.17 and a 200 day moving average of $100.20. Arrow Reserve Capital Management ETF has a twelve month low of $99.34 and a twelve month high of $101.26.

Hedge Funds Weigh In On Arrow Reserve Capital Management ETF

An institutional investor recently bought a new stake in Arrow Reserve Capital Management ETF stock. Compound Planning Inc. acquired a new position in Arrow Reserve Capital Management ETF (BATS:ARCM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,662 shares of the company’s stock, valued at approximately $366,000. Compound Planning Inc. owned about 0.80% of Arrow Reserve Capital Management ETF at the end of the most recent quarter.

About Arrow Reserve Capital Management ETF

The Arrow Reserve Capital Management ETF (ARCM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to preserve capital and maximize income potential by investing in investment-grade, short-term debt securities. ARCM was launched on Mar 31, 2017 and is managed by ArrowShares.