Renaissance International IPO ETF (NYSEARCA:IPOS) Shares Up 1.7% – Time to Buy?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s stock price shot up 1.7% during mid-day trading on Monday. The company traded as high as $21.56 and last traded at $21.56. 511 shares traded hands during trading, a decline of 89% from the average session volume of 4,705 shares. The stock had previously closed at $21.21.

Renaissance International IPO ETF Trading Up 1.7%

The stock has a market cap of $10.78 million, a P/E ratio of 27.07 and a beta of 0.78. The company has a 50 day simple moving average of $22.72 and a 200 day simple moving average of $22.28.

Institutional Trading of Renaissance International IPO ETF

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Cetera Investment Advisers bought a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned about 30.60% of Renaissance International IPO ETF at the end of the most recent quarter.

Renaissance International IPO ETF Company Profile

The Renaissance International IPO ETF (IPOS) is an exchange-traded fund that is based on the Renaissance International IPO index. The fund tracks a cap-weighted index of recent IPOs listed internationally. The fund adds an IPO within 90 days of its initial listing. IPOS was launched on Oct 6, 2014 and is managed by Renaissance.