Arrow Reserve Capital Management ETF (BATS:ARCM – Get Free Report) announced a monthly dividend on Wednesday, December 24th. Stockholders of record on Friday, December 26th will be given a dividend of 0.4318 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend 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 Stock Up 0.0%
Shares of BATS ARCM opened at $100.48 on Friday. The business has a fifty day moving average price of $100.37 and a two-hundred day moving average price of $100.35. Arrow Reserve Capital Management ETF has a fifty-two week low of $99.99 and a fifty-two week high of $101.74.
Institutional Trading of Arrow Reserve Capital Management ETF
A hedge fund recently raised its stake in Arrow Reserve Capital Management ETF stock. Axim Planning & Wealth boosted its position in Arrow Reserve Capital Management ETF (BATS:ARCM – Free Report) by 46.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,209 shares of the company’s stock after purchasing an additional 6,678 shares during the period. Arrow Reserve Capital Management ETF accounts for about 1.7% of Axim Planning & Wealth’s portfolio, making the stock its 4th biggest holding. Axim Planning & Wealth owned about 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.
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