Arrow Investment Advisors LLC purchased a new stake in Arrow Reserve Capital Management ETF (BATS:ARCM – Free Report) during the third quarter, HoldingsChannel reports. The institutional investor purchased 409,003 shares of the company’s stock, valued at approximately $40,830,000. Arrow Reserve Capital Management ETF accounts for approximately 35.3% of Arrow Investment Advisors LLC’s holdings, making the stock its biggest position. Arrow Investment Advisors LLC owned 0.89% of Arrow Reserve Capital Management ETF as of its most recent SEC filing.
Separately, Compound Planning Inc. bought a new position in shares of Arrow Reserve Capital Management ETF during the first quarter worth about $366,000.
Arrow Reserve Capital Management ETF Stock Down 0.0%
Arrow Reserve Capital Management ETF stock traded down $0.03 during midday trading on Friday, reaching $100.00. The stock had a trading volume of 535 shares, compared to its average volume of 474. Arrow Reserve Capital Management ETF has a 1-year low of $99.34 and a 1-year high of $101.26. The firm’s fifty day simple moving average is $100.08 and its 200-day simple moving average is $100.20.
Arrow Reserve Capital Management ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Friday, October 30th were given a $0.3059 dividend. This is a boost from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.3049. This represents a $3.67 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, October 30th.
Arrow Reserve Capital Management ETF Company Profile
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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Want to see what other hedge funds are holding ARCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Reserve Capital Management ETF (BATS:ARCM – Free Report).
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