Shares of Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report) shot up 0.5% during trading on Tuesday. The company traded as high as $56.00 and last traded at $54.98. Approximately 28,144 shares changed hands during trading, a decline of 3% from the average daily volume of 29,102 shares. The stock had previously closed at $54.70.
Renaissance IPO ETF Stock Performance
The stock has a market capitalization of $147.87 million, a P/E ratio of 35.63 and a beta of 1.37. The business has a 50-day moving average price of $53.78 and a 200 day moving average price of $52.31.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in Renaissance IPO ETF by 8.7% in the 1st quarter. Cetera Investment Advisers now owns 71,805 shares of the company’s stock worth $3,007,000 after acquiring an additional 5,768 shares during the last quarter. Elm3 Financial Group LLC lifted its holdings in shares of Renaissance IPO ETF by 15.7% during the third quarter. Elm3 Financial Group LLC now owns 6,396 shares of the company’s stock valued at $337,000 after purchasing an additional 870 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Renaissance IPO ETF by 5.1% in the 1st quarter. Wealthfront Advisers LLC now owns 6,314 shares of the company’s stock worth $264,000 after buying an additional 308 shares in the last quarter. Tempo Wealth LLC purchased a new position in Renaissance IPO ETF in the 4th quarter worth about $248,000. Finally, Hudson Value Partners LLC bought a new position in Renaissance IPO ETF during the 2nd quarter valued at about $232,000.
Renaissance IPO ETF Company Profile
The Renaissance IPO ETF (IPO) is an exchange-traded fund that is based on the FTSE Renaissance IPO index. The fund tracks a market cap-weighted index of recent US-listed IPOs. The fund acquires issues within 90 days or sooner after IPO and sells after 3 years. IPO was launched on Oct 14, 2013 and is managed by Renaissance.
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