Synergy Asset Management LLC Has $3.81 Million Stake in Renaissance IPO ETF (NYSEARCA:IPO)

Synergy Asset Management LLC lifted its position in Renaissance IPO ETF (NYSEARCA:IPO) by 144.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,884 shares of the company’s stock after buying an additional 51,288 shares during the quarter. Synergy Asset Management LLC owned about 1.93% of Renaissance IPO ETF worth $3,807,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in IPO. Tradition Wealth Management LLC grew its position in Renaissance IPO ETF by 1.0% in the third quarter. Tradition Wealth Management LLC now owns 133,726 shares of the company’s stock worth $5,734,000 after acquiring an additional 1,367 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Renaissance IPO ETF by 17.0% in the 2nd quarter. Cetera Investment Advisers now owns 67,574 shares of the company’s stock valued at $2,724,000 after purchasing an additional 9,834 shares during the last quarter. Jane Street Group LLC boosted its holdings in Renaissance IPO ETF by 44.8% in the third quarter. Jane Street Group LLC now owns 40,280 shares of the company’s stock worth $1,727,000 after purchasing an additional 12,456 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in Renaissance IPO ETF by 14.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,012 shares of the company’s stock worth $515,000 after buying an additional 1,525 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in Renaissance IPO ETF by 11.1% during the fourth quarter. PFG Investments LLC now owns 5,273 shares of the company’s stock valued at $230,000 after buying an additional 526 shares in the last quarter.

Renaissance IPO ETF Price Performance

Shares of NYSEARCA:IPO opened at $45.69 on Thursday. The stock has a market capitalization of $205.61 million, a P/E ratio of 44.34 and a beta of 1.70. The business has a 50-day moving average of $45.47 and a two-hundred day moving average of $43.33. Renaissance IPO ETF has a fifty-two week low of $33.86 and a fifty-two week high of $47.99.

Renaissance IPO ETF 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.