Arrow Reserve Capital Management ETF (ARCM) to Issue Monthly Dividend of $0.21 on February 4th

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

Arrow Reserve Capital Management ETF Price Performance

Shares of BATS ARCM opened at $100.18 on Friday. The company’s 50-day moving average price is $100.29 and its 200 day moving average price is $100.33. Arrow Reserve Capital Management ETF has a 52 week low of $99.99 and a 52 week high of $101.74.

Hedge Funds Weigh In On Arrow Reserve Capital Management ETF

An institutional investor recently bought a new position in Arrow Reserve Capital Management ETF stock. Axim Planning & Wealth bought a new stake in shares of Arrow Reserve Capital Management ETF (BATS:ARCM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,531 shares of the company’s stock, valued at approximately $1,456,000. Arrow Reserve Capital Management ETF comprises 1.3% of Axim Planning & Wealth’s investment portfolio, making the stock its 5th largest holding. Axim Planning & Wealth owned about 3.16% of Arrow Reserve Capital Management ETF as of its most recent SEC filing.

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.