Arrow Reserve Capital Management ETF (BATS:ARCM) to Issue Dividend Increase – $0.43 Per Share

Arrow Reserve Capital Management ETF (BATS:ARCM) announced a monthly dividend on Wednesday, December 24th. Investors of record on Friday, December 26th will be paid a dividend of 0.4318 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, December 26th. This is a 58.5% increase from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.27.

Arrow Reserve Capital Management ETF Stock Up 0.0%

BATS ARCM opened at $100.48 on Friday. The firm’s fifty day moving average price is $100.37 and its two-hundred day moving average price is $100.35. Arrow Reserve Capital Management ETF has a fifty-two week low of $99.99 and a fifty-two week high of $101.74.

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.