John Colgrove Sells 100,000 Shares of Meet Kevin Pricing Power ETF (NYSEARCA:PP) Stock

The Meet Kevin Pricing Power ETF (NYSEARCA:PP) insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $79.82, for a total value of $7,982,000.00. Following the transaction, the insider directly owned 2,565,000 shares in the company, valued at $204,738,300. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Meet Kevin Pricing Power ETF Price Performance

Shares of NYSEARCA PP opened at $26.10 on Friday. The Meet Kevin Pricing Power ETF has a fifty-two week low of $23.80 and a fifty-two week high of $30.09. The firm’s 50-day simple moving average is $26.10 and its 200 day simple moving average is $26.10. The stock has a market cap of $29.49 million, a P/E ratio of 30.88 and a beta of 1.83.

About Meet Kevin Pricing Power ETF

The Meet Kevin Pricing Power ETF (PP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of 25 to 60 innovative US companies that have more pricing power relative to their peers. The fund may use targeted ETFs as a potential macro-hedge against anticipated market risks. PP was launched on Nov 28, 2022 and is managed by Meet Kevin.