Insider Selling: Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Sells $7,653,441.08 in Stock

Advocate Rising Rate Hedge ETF (NYSEARCA:RRH) CEO Gary Friedman sold 48,238 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were 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 directly owned 3,226,337 shares in the company, valued at approximately $511,890,628.42. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Advocate Rising Rate Hedge ETF Price Performance

Shares of NYSEARCA RRH opened at $7.25 on Friday. The stock 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 200-day simple moving average is $7.25. Advocate Rising Rate Hedge ETF has a 12 month low of $7.10 and a 12 month high of $38.98.

Advocate Rising Rate Hedge ETF Company Profile

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.