Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report) traded up 1.4% during mid-day trading on Thursday . The company traded as high as $50.69 and last traded at $50.48. 33,323 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 27,700 shares. The stock had previously closed at $49.77.
Renaissance IPO ETF Stock Down 2.9%
The stock’s 50 day moving average price is $45.72 and its 200-day moving average price is $45.89. The stock has a market capitalization of $142.22 million, a PE ratio of 35.63 and a beta of 1.32.
Hedge Funds Weigh In On Renaissance IPO ETF
Institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp purchased a new position in Renaissance IPO ETF during the fourth quarter valued at $283,000. Advisory Services Network LLC purchased a new position in Renaissance IPO ETF during the third quarter valued at $101,000. Cetera Investment Advisers grew its stake in shares of 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 buying an additional 5,768 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Renaissance IPO ETF by 295.2% in the 1st quarter. Parallel Advisors LLC now owns 996 shares of the company’s stock worth $42,000 after buying an additional 744 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of 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.
About Renaissance IPO ETF
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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