Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Sells $11,705,814.12 in Stock

Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Gary Friedman sold 69,069 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $169.48, for a total transaction of $11,705,814.12. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Advocate Rising Rate Hedge ETF Price Performance

Shares of NYSEARCA:RRH opened at $7.25 on Friday. Advocate Rising Rate Hedge ETF has a 1 year low of $7.10 and a 1 year high of $38.98. The company has a market cap of $2.17 million, a PE ratio of 12.27 and a beta of -0.76. The stock’s 50-day moving average is $7.25 and its 200 day 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.