Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report)’s stock price traded up 1.4% during mid-day trading on Thursday . The stock traded as high as $50.69 and last traded at $50.48. 33,323 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 27,700 shares. The stock had previously closed at $49.77.
Renaissance IPO ETF Stock Up 1.4%
The firm’s 50-day moving average is $45.62 and its 200-day moving average is $45.87. The company has a market capitalization of $146.39 million, a PE ratio of 35.63 and a beta of 1.32.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position 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. Wealthfront Advisers LLC boosted its position 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. NFSG Corp purchased a new stake in Renaissance IPO ETF during the first quarter valued at about $42,000. Tempo Wealth LLC purchased a new stake in Renaissance IPO ETF during the fourth quarter valued at about $248,000. Finally, Winthrop Capital Management LLC boosted its position in Renaissance IPO ETF by 117.4% during the fourth quarter. Winthrop Capital Management LLC now owns 1,500 shares of the company’s stock valued at $68,000 after buying an additional 810 shares during the period.
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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