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 on 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 sale, the chief executive officer directly owned 3,282,268 shares of the company’s stock, valued at approximately $556,278,780.64. This represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Advocate Rising Rate Hedge ETF Stock Up 0.4%

Advocate Rising Rate Hedge ETF stock traded up $0.03 during trading on Wednesday, hitting $7.25. The stock had a trading volume of 2,200 shares, compared to its average volume of 22,780. The stock’s 50 day moving average is $7.25 and its two-hundred day moving average is $7.25. Advocate Rising Rate Hedge ETF has a 1 year low of $7.10 and a 1 year high of $38.98. The stock has a market cap of $2.17 million, a price-to-earnings ratio of 12.27 and a beta of -0.76.

About Advocate Rising Rate Hedge ETF

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.