Arrow Reserve Capital Management ETF (BATS:ARCM) to Issue Dividend Increase – $0.24 Per Share

Arrow Reserve Capital Management ETF (BATS:ARCM) announced a monthly dividend on Thursday, February 26th. Stockholders of record on Friday, February 27th will be given a dividend of 0.2406 per share on Wednesday, March 4th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. This is a 12.5% increase from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.21.

Arrow Reserve Capital Management ETF Trading Down 0.0%

Shares of BATS:ARCM traded down $0.01 during trading on Friday, hitting $100.21. 13 shares of the company’s stock traded hands, compared to its average volume of 582. The company has a 50-day moving average price of $100.28 and a 200-day moving average price of $100.33. Arrow Reserve Capital Management ETF has a 52 week low of $99.34 and a 52 week high of $101.74.

Institutional Investors Weigh In On Arrow Reserve Capital Management ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ARCM. LPL Financial LLC acquired a new position in Arrow Reserve Capital Management ETF in the 4th quarter worth $750,000. Axim Planning & Wealth bought a new stake in shares of Arrow Reserve Capital Management ETF in the second quarter valued at about $1,456,000. Finally, Jane Street Group LLC acquired a new position in shares of Arrow Reserve Capital Management ETF during the fourth quarter worth about $3,315,000.

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.