Arrow Reserve Capital Management ETF (BATS:ARCM) Raises Dividend to $0.30 Per Share

Arrow Reserve Capital Management ETF (BATS:ARCM) declared a monthly dividend on Tuesday, September 29th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.3049 per share on Monday, October 5th. This represents a $3.66 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, September 30th. This is a 11.7% increase from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.2729.

Arrow Reserve Capital Management ETF Trading Up 0.0%

BATS:ARCM opened at $100.14 on Wednesday. Arrow Reserve Capital Management ETF has a fifty-two week low of $99.34 and a fifty-two week high of $101.26. The stock has a fifty day moving average price of $100.17 and a 200-day moving average price of $100.20.

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.