Arrow Reserve Capital Management ETF (BATS:ARCM) to Issue Monthly Dividend of $0.27

Arrow Reserve Capital Management ETF (BATS:ARCM) announced a monthly dividend on Wednesday, November 26th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.2725 per share on Wednesday, December 3rd. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 28th.

Arrow Reserve Capital Management ETF Trading Up 0.0%

ARCM stock opened at $100.49 on Thursday. Arrow Reserve Capital Management ETF has a fifty-two week low of $99.99 and a fifty-two week high of $101.74. The business’s fifty day moving average price is $100.38 and its two-hundred day moving average price is $100.35.

Institutional Trading of Arrow Reserve Capital Management ETF

A hedge fund recently bought a new stake in Arrow Reserve Capital Management ETF stock. Axim Planning & Wealth acquired a new stake in shares of Arrow Reserve Capital Management ETF (BATS:ARCM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,531 shares of the company’s stock, valued at approximately $1,456,000. Arrow Reserve Capital Management ETF makes up 1.3% of Axim Planning & Wealth’s investment portfolio, making the stock its 5th largest position. Axim Planning & Wealth owned approximately 3.16% of Arrow Reserve Capital Management ETF at the end of the most recent reporting period.

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.