Renaissance International IPO ETF (NYSEARCA:IPOS) Stock Falls 0.7% – Should You Sell?

Renaissance International IPO ETF (NYSEARCA:IPOS – Get Free Report) dropped 0.7% during trading on Monday. The stock traded as low as $18.35 and last traded at $18.35. Approximately 681 shares changed hands during trading, a decline of 85% from the average session volume of 4,481 shares. The stock had previously closed at $18.48.

Renaissance International IPO ETF Price Performance

The firm has a 50-day moving average of $21.70 and a 200 day moving average of $21.35. The stock has a market capitalization of $9.18 million, a price-to-earnings ratio of 27.07 and a beta of 0.78.

Institutional Investors Weigh In On Renaissance International IPO ETF

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Cetera Investment Advisers acquired a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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.

About Renaissance International IPO ETF

(Get Free Report)

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.

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