Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report)’s share price fell 0.3% on Thursday . The company traded as low as $55.54 and last traded at $56.69. 29,459 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 29,545 shares. The stock had previously closed at $56.85.
Renaissance IPO ETF Trading Down 0.3%
The company has a market capitalization of $164.40 million, a price-to-earnings ratio of 35.63 and a beta of 1.35. The company has a fifty day moving average of $48.76 and a 200-day moving average of $46.55.
Institutional Investors Weigh In On Renaissance IPO ETF
Several institutional investors have recently bought and sold shares of IPO. Royal Bank of Canada boosted its holdings in Renaissance IPO ETF by 1,019.4% in the 4th quarter. Royal Bank of Canada now owns 79,277 shares of the company’s stock worth $3,619,000 after buying an additional 72,195 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Renaissance IPO ETF in the 3rd quarter worth about $3,553,000. Tower Research Capital LLC TRC boosted its holdings in Renaissance IPO ETF by 7,375.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 22,127 shares of the company’s stock worth $1,097,000 after buying an additional 21,831 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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. Finally, Kestra Private Wealth Services LLC acquired a new stake in Renaissance IPO ETF in the 3rd quarter worth about $583,000.
About Renaissance IPO ETF
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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