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 company’s stock in a transaction on 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 sale, the chief executive officer owned 3,226,337 shares of the company’s stock, valued at approximately $511,890,628.42. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Advocate Rising Rate Hedge ETF Stock Performance

Shares of NYSEARCA RRH traded up $0.03 during trading on Wednesday, hitting $7.25. 2,200 shares of the company were exchanged, compared to its average volume of 22,780. Advocate Rising Rate Hedge ETF has a 12-month low of $7.10 and a 12-month high of $38.98. The company has a fifty day moving average price of $7.25 and a 200-day moving average price of $7.25. The firm has a market capitalization of $2.17 million, a PE ratio of 12.27 and a beta of -0.76.

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.