Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Sells $7,653,441.08 in Stock

Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Gary Friedman sold 48,238 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $158.66, for a total transaction of $7,653,441.08. Following the sale, the chief executive officer owned 3,226,337 shares of the company’s stock, valued at $511,890,628.42. This represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Advocate Rising Rate Hedge ETF Price Performance

Shares of RRH stock traded up $0.03 during trading on Wednesday, hitting $7.25. 2,200 shares of the stock traded hands, compared to its average volume of 22,780. Advocate Rising Rate Hedge ETF has a 52-week low of $7.10 and a 52-week high of $38.98. The firm has a market capitalization of $2.17 million, a P/E ratio of 12.27 and a beta of -0.76. The firm’s fifty day moving average price is $7.25 and its 200-day moving average price is $7.25.

Advocate Rising Rate Hedge ETF Company Profile

The Advocate Rising Rate Hedge ETF (RRH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset ETF that aims to profit during periods of rising interest rates. RRH was launched on Oct 28, 2021 and is managed by Advocate.