Axim Planning & Wealth Sells 11,716 Shares of Arrow Reserve Capital Management ETF $ARCM

Axim Planning & Wealth lessened its holdings in Arrow Reserve Capital Management ETF (BATS:ARCM) by 55.2% during the fourth quarter, HoldingsChannel reports. The firm owned 9,493 shares of the company’s stock after selling 11,716 shares during the quarter. Arrow Reserve Capital Management ETF accounts for 1.0% of Axim Planning & Wealth’s holdings, making the stock its 7th largest position. Axim Planning & Wealth’s holdings in Arrow Reserve Capital Management ETF were worth $950,000 at the end of the most recent quarter.

Separately, LPL Financial LLC acquired a new stake in shares of Arrow Reserve Capital Management ETF in the 4th quarter valued at $750,000.

Arrow Reserve Capital Management ETF Stock Up 0.0%

Shares of ARCM stock opened at $100.23 on Friday. The stock’s fifty day moving average price is $100.22 and its two-hundred day moving average price is $100.26. Arrow Reserve Capital Management ETF has a fifty-two week low of $99.34 and a fifty-two week high of $101.26.

Arrow Reserve Capital Management ETF Company Profile

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.