The target price for Arrow Reserve Capital Management ETF (ARCM) is not currently available. However, based on the information available, we can make an informed assumption.
- Recent Price Range: The lowest price for ARCM in the past 12 months was $100.37, while the highest price was $100.5512.
- Dividend Payments: ARCM has been paying a stable dividend of $0.4559 per share as of June 5, 2024, and $0.4155 per share as of May 1, 202412. This suggests a stable income stream for investors.
- Institutional Activity: Jane Street Group LLC, an institutional investor, has reduced its holdings in ARCM by 3.9% in the first quarter1. This could indicate a decrease in interest from certain investors, but it does not necessarily reflect the overall market sentiment.
- Market Performance and Volatility: ARCM's stock price has shown minimal volatility, with a 50-day moving average of $100.33 and a 200-day moving average of $100.291. This low volatility could suggest a relatively stable investment profile.
- Fundamental Analysis: ARCM is an actively managed fund that seeks to preserve capital and maximize income potential by investing in investment-grade, short-term debt securities1. The fund's performance is likely to be driven by the performance of its underlying bond portfolio.
Given these points, a reasonable target price for ARCM could be around $100.45 to $100.50, considering the recent price range and the stable dividend payments. However, it's important to note that these are assumptions based on available data and market conditions, and the actual target price may vary.
11/11/2024 04:50pm
