Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report)’s share price dropped 0.7% during mid-day trading on Thursday . The company traded as low as $53.60 and last traded at $54.11. Approximately 33,148 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 32,863 shares. The stock had previously closed at $54.50.
Renaissance IPO ETF Stock Down 0.7%
The business’s 50-day moving average price is $55.58 and its 200 day moving average price is $49.42. The company has a market capitalization of $156.92 million, a P/E ratio of 35.63 and a beta of 1.35.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Hudson Value Partners LLC purchased a new position in shares of Renaissance IPO ETF during the 2nd quarter valued at $232,000. Key Client Fiduciary Advisors LLC purchased a new stake in shares of Renaissance IPO ETF in the second quarter worth $229,000. Parallel Advisors LLC boosted its stake in Renaissance IPO ETF by 295.2% during the first quarter. Parallel Advisors LLC now owns 996 shares of the company’s stock valued at $42,000 after buying an additional 744 shares during the period. Cetera Investment Advisers boosted its stake in Renaissance IPO ETF by 8.7% during the first quarter. Cetera Investment Advisers now owns 71,805 shares of the company’s stock valued at $3,007,000 after buying an additional 5,768 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in Renaissance IPO ETF by 5.1% during the first quarter. Wealthfront Advisers LLC now owns 6,314 shares of the company’s stock valued at $264,000 after buying an additional 308 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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