Axim Planning & Wealth Purchases 6,678 Shares of Arrow Reserve Capital Management ETF $ARCM

Axim Planning & Wealth boosted its holdings in shares of Arrow Reserve Capital Management ETF (BATS:ARCM) by 46.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,209 shares of the company’s stock after buying an additional 6,678 shares during the quarter. Arrow Reserve Capital Management ETF accounts for about 1.7% of Axim Planning & Wealth’s portfolio, making the stock its 4th largest holding. Axim Planning & Wealth’s holdings in Arrow Reserve Capital Management ETF were worth $2,125,000 at the end of the most recent quarter.

Arrow Reserve Capital Management ETF Stock Performance

Shares of ARCM opened at $100.26 on Friday. Arrow Reserve Capital Management ETF has a 52 week low of $99.99 and a 52 week high of $101.74. The stock’s 50-day moving average price is $100.27 and its 200-day moving average price is $100.33.

Arrow Reserve Capital Management ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 30th were issued a dividend of $0.2139 per share. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th.

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.