Gary Friedman Sells 48,238 Shares of Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) Stock

Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Gary Friedman sold 48,238 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $158.66, for a total value of $7,653,441.08. Following the completion of the transaction, the chief executive officer owned 3,226,337 shares of the company’s stock, valued at $511,890,628.42. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Advocate Rising Rate Hedge ETF Stock Performance

NYSEARCA:RRH opened at $7.25 on Friday. Advocate Rising Rate Hedge ETF has a 52-week low of $7.10 and a 52-week high of $38.98. The company has a market cap of $2.17 million, a P/E ratio of 12.27 and a beta of -0.76. The stock’s 50-day simple moving average is $7.25 and its 200 day simple moving average is $7.25.

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.