Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report)’s share price fell 0.1% during mid-day trading on Monday . The stock traded as low as $44.00 and last traded at $44.48. 34,490 shares were traded during mid-day trading, a decline of 23% from the average session volume of 44,749 shares. The stock had previously closed at $44.54.
Renaissance IPO ETF Stock Performance
The stock’s 50-day moving average is $45.42 and its 200 day moving average is $42.48. The stock has a market capitalization of $203.36 million, a PE ratio of 44.34 and a beta of 1.70.
Institutional Trading of Renaissance IPO ETF
Large investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new stake in Renaissance IPO ETF in the third quarter valued at approximately $207,000. Ashton Thomas Private Wealth LLC purchased a new stake in Renaissance IPO ETF in the 2nd quarter valued at $40,000. International Assets Investment Management LLC boosted its stake in Renaissance IPO ETF by 4,188.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,945 shares of the company’s stock worth $169,000 after purchasing an additional 3,853 shares during the period. Cetera Investment Advisers grew its position in Renaissance IPO ETF by 17.0% during the 2nd quarter. Cetera Investment Advisers now owns 67,574 shares of the company’s stock worth $2,724,000 after purchasing an additional 9,834 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its stake in Renaissance IPO ETF by 0.8% in the second quarter. Main Management ETF Advisors LLC now owns 365,660 shares of the company’s stock valued at $14,740,000 after purchasing an additional 2,820 shares during the period.
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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