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

Advocate Rising Rate Hedge ETF (NYSEARCA:RRHGet Free Report) CEO Gary Friedman sold 69,069 shares of the company’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 approximately $556,278,780.64. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Advocate Rising Rate Hedge ETF Stock Performance

Advocate Rising Rate Hedge ETF stock traded up $0.03 during mid-day trading on Wednesday, hitting $7.25. 2,200 shares of the company traded hands, compared to its average volume of 22,780. Advocate Rising Rate Hedge ETF has a one year low of $7.10 and a one 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. The stock has a fifty day moving average price of $7.25 and a 200-day moving average price of $7.25.

About Advocate Rising Rate Hedge ETF

(Get Free Report)

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.

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