409,003 Shares in Arrow Reserve Capital Management ETF $ARCM Acquired by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC bought a new stake in shares of Arrow Reserve Capital Management ETF (BATS:ARCM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 409,003 shares of the company’s stock, valued at approximately $40,830,000. Arrow Reserve Capital Management ETF comprises 35.3% of Arrow Investment Advisors LLC’s investment portfolio, making the stock its largest position. Arrow Investment Advisors LLC owned approximately 88.91% of Arrow Reserve Capital Management ETF at the end of the most recent quarter.

Separately, Compound Planning Inc. bought a new position in shares of Arrow Reserve Capital Management ETF in the first quarter valued at $366,000.

Arrow Reserve Capital Management ETF Price Performance

Shares of BATS:ARCM traded down $0.03 on Friday, reaching $100.00. 535 shares of the company traded hands, compared to its average volume of 474. Arrow Reserve Capital Management ETF has a fifty-two week low of $99.34 and a fifty-two week high of $101.26. The company’s 50 day moving average is $100.08 and its 200-day moving average is $100.20.

Arrow Reserve Capital Management ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Friday, October 30th were given a dividend of $0.3059 per share. This is a positive change from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.3049. This represents a $3.67 annualized dividend 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.