Royal Bank of Canada lessened its position in shares of Renaissance IPO ETF (NYSEARCA:IPO – Free Report) by 82.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,254 shares of the company’s stock after selling 65,023 shares during the quarter. Royal Bank of Canada’s holdings in Renaissance IPO ETF were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in Renaissance IPO ETF by 295.2% during the first 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. NFSG Corp bought a new stake in Renaissance IPO ETF in the first quarter valued at about $42,000. Winthrop Capital Management LLC boosted its holdings in Renaissance IPO ETF by 117.4% during the fourth quarter. Winthrop Capital Management LLC now owns 1,500 shares of the company’s stock valued at $68,000 after purchasing an additional 810 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Renaissance IPO ETF in the 3rd quarter valued at approximately $101,000. Finally, Tempo Wealth LLC acquired a new stake in Renaissance IPO ETF in the 4th quarter valued at $248,000.
Renaissance IPO ETF Stock Performance
Shares of NYSEARCA IPO opened at $53.57 on Tuesday. The stock has a market cap of $155.35 million, a PE ratio of 35.63 and a beta of 1.35. The business has a fifty day moving average of $55.47 and a two-hundred day moving average of $50.16. Renaissance IPO ETF has a 52-week low of $39.31 and a 52-week high of $60.33.
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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Want to see what other hedge funds are holding IPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Renaissance IPO ETF (NYSEARCA:IPO – Free Report).
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