Arrow Reserve Capital Management ETF (BATS:ARCM) Announces $0.21 Monthly Dividend

Arrow Reserve Capital Management ETF (BATS:ARCM) announced a monthly dividend on Thursday, January 29th. Investors of record on Friday, January 30th will be given a dividend of 0.2139 per share on Wednesday, February 4th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, January 30th.

Arrow Reserve Capital Management ETF Price Performance

Shares of ARCM opened at $100.18 on Friday. Arrow Reserve Capital Management ETF has a one year low of $99.99 and a one year high of $101.74. The stock has a 50-day moving average price of $100.29 and a 200 day moving average price of $100.33.

Institutional Trading of Arrow Reserve Capital Management ETF

An institutional investor recently raised its position in Arrow Reserve Capital Management ETF stock. Axim Planning & Wealth increased its stake in Arrow Reserve Capital Management ETF (BATS:ARCM) by 46.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,209 shares of the company’s stock after acquiring an additional 6,678 shares during the period. Arrow Reserve Capital Management ETF makes up approximately 1.7% of Axim Planning & Wealth’s investment portfolio, making the stock its 4th biggest position. Axim Planning & Wealth owned approximately 4.61% of Arrow Reserve Capital Management ETF worth $2,125,000 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.