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

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

Advocate Rising Rate Hedge ETF Trading Up 0.4%

Shares of Advocate Rising Rate Hedge ETF stock opened at $7.25 on Thursday. Advocate Rising Rate Hedge ETF has a 12-month low of $7.10 and a 12-month high of $38.98. The firm has a market capitalization of $2.17 million, a price-to-earnings ratio of 12.27 and a beta of -0.76. The firm’s 50 day simple moving average is $7.25 and its two-hundred 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.