Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Gary Friedman Sells 69,069 Shares of Stock

Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Gary Friedman sold 69,069 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $169.48, for a total value of $11,705,814.12. Following the completion of the sale, the chief executive officer owned 3,282,268 shares in the company, valued at $556,278,780.64. This represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Advocate Rising Rate Hedge ETF Stock Up 0.4%

NYSEARCA RRH opened at $7.25 on Thursday. The company has a market cap of $2.17 million, a PE ratio of 12.27 and a beta of -0.76. Advocate Rising Rate Hedge ETF has a 52 week low of $7.10 and a 52 week high of $38.98. The firm’s 50-day simple moving average is $7.25 and its two-hundred day simple moving average 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.