Renaissance IPO ETF (NYSEARCA:IPO) Stock Price Up 1% – Still a Buy?

Renaissance IPO ETF (NYSEARCA:IPOGet Free Report) shares shot up 1% during trading on Thursday . The company traded as high as $42.43 and last traded at $42.43. 16,017 shares were traded during trading, a decline of 44% from the average session volume of 28,532 shares. The stock had previously closed at $42.01.

Renaissance IPO ETF Stock Performance

The stock has a market capitalization of $127.29 million, a P/E ratio of 35.63 and a beta of 1.35. The stock has a 50-day moving average price of $43.76 and a two-hundred day moving average price of $46.44.

Institutional Trading of Renaissance IPO ETF

Several large investors have recently added to or reduced their stakes in the stock. Winthrop Capital Management LLC bought a new position in Renaissance IPO ETF in the 3rd quarter worth $34,000. Private Trust Co. NA purchased a new position in shares of Renaissance IPO ETF during the third quarter valued at about $45,000. Advisory Services Network LLC purchased a new position in shares of Renaissance IPO ETF during the third quarter valued at about $101,000. B. Riley Wealth Advisors Inc. bought a new position in Renaissance IPO ETF in the third quarter worth about $241,000. Finally, Certuity LLC purchased a new stake in Renaissance IPO ETF in the second quarter worth about $220,000.

About Renaissance IPO ETF

(Get Free Report)

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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