Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report) shares fell 0.3% during trading on Thursday . The stock traded as low as $55.54 and last traded at $56.69. 29,459 shares were traded during mid-day trading, a decline of 0% from the average session volume of 29,545 shares. The stock had previously closed at $56.85.
Renaissance IPO ETF Trading Down 5.6%
The stock has a market cap of $155.24 million, a P/E ratio of 35.63 and a beta of 1.35. The company’s 50 day moving average price is $48.97 and its two-hundred day moving average price is $46.60.
Institutional Trading of Renaissance IPO ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of Renaissance IPO ETF by 15.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 137,196 shares of the company’s stock valued at $6,263,000 after acquiring an additional 18,839 shares in the last quarter. Royal Bank of Canada grew its position in shares of Renaissance IPO ETF by 1,019.4% during the fourth quarter. Royal Bank of Canada now owns 79,277 shares of the company’s stock worth $3,619,000 after purchasing an additional 72,195 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in Renaissance IPO ETF during the 3rd quarter valued at approximately $583,000. Advisory Services Network LLC bought a new stake in Renaissance IPO ETF during the 3rd quarter valued at approximately $101,000. Finally, Parallel Advisors LLC lifted its holdings in 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 purchasing an additional 744 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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