Arrow Reserve Capital Management ETF (BATS:ARCM) to Issue Dividend Increase – $0.43 Per Share

Arrow Reserve Capital Management ETF (BATS:ARCM) declared a monthly dividend on Wednesday, December 24th. Investors of record on Friday, December 26th will be given a dividend of 0.4318 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, December 26th. This is a 58.5% increase from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.27.

Arrow Reserve Capital Management ETF Price Performance

ARCM stock opened at $100.48 on Friday. The stock has a 50-day moving average price of $100.37 and a 200-day moving average price of $100.35. Arrow Reserve Capital Management ETF has a 1-year low of $99.99 and a 1-year high of $101.74.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Arrow Reserve Capital Management ETF stock. Axim Planning & Wealth bought a new position in Arrow Reserve Capital Management ETF (BATS:ARCM) during the second quarter, according to its most recent filing with the SEC. The firm bought 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 holding. Axim Planning & Wealth owned approximately 3.16% 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.