Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report) shares were up 0.3% on Thursday . The stock traded as high as $44.73 and last traded at $44.70. Approximately 14,318 shares traded hands during trading, a decline of 57% from the average daily volume of 33,652 shares. The stock had previously closed at $44.58.
Renaissance IPO ETF Stock Up 0.3%
The stock has a market cap of $134.10 million, a PE ratio of 35.63 and a beta of 1.35. The business’s 50-day simple moving average is $46.07 and its 200-day simple moving average is $47.82.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in shares of Renaissance IPO ETF by 15.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 137,196 shares of the company’s stock worth $6,263,000 after buying an additional 18,839 shares during the last quarter. Royal Bank of Canada lifted its stake in Renaissance IPO ETF by 1,019.4% in the fourth quarter. Royal Bank of Canada now owns 79,277 shares of the company’s stock worth $3,619,000 after acquiring an additional 72,195 shares during the period. Two Sigma Investments LP purchased a new stake in Renaissance IPO ETF in the third quarter worth $3,553,000. Cetera Investment Advisers boosted its holdings in Renaissance IPO ETF by 2.3% in the second quarter. Cetera Investment Advisers now owns 68,570 shares of the company’s stock valued at $3,082,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in Renaissance IPO ETF in the third quarter valued at $1,859,000.
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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