Gary Friedman Sells 69,069 Shares of Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) Stock

Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Gary Friedman sold 69,069 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $169.48, for a total transaction of $11,705,814.12. Following the completion of the sale, the chief executive officer directly owned 3,282,268 shares in the company, 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 SEC, which is available at this link.

Advocate Rising Rate Hedge ETF Trading Up 0.4%

Advocate Rising Rate Hedge ETF stock opened at $7.25 on Friday. The stock has a market cap of $2.17 million, a P/E ratio of 12.27 and a beta of -0.76. The company has a fifty day simple moving average of $7.25 and a 200-day simple moving average of $7.25. Advocate Rising Rate Hedge ETF has a 12-month low of $7.10 and a 12-month high of $38.98.

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.