Tradition Wealth Management LLC Sells 3,069 Shares of Renaissance IPO ETF (NYSEARCA:IPO)

Tradition Wealth Management LLC lessened its position in Renaissance IPO ETF (NYSEARCA:IPO) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 130,657 shares of the company’s stock after selling 3,069 shares during the quarter. Tradition Wealth Management LLC’s holdings in Renaissance IPO ETF were worth $5,693,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IPO. Jane Street Group LLC lifted its holdings in Renaissance IPO ETF by 44.8% during the 3rd quarter. Jane Street Group LLC now owns 40,280 shares of the company’s stock valued at $1,727,000 after purchasing an additional 12,456 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Renaissance IPO ETF by 25.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,061 shares of the company’s stock valued at $264,000 after acquiring an additional 1,245 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Renaissance IPO ETF by 11.5% in the 4th quarter. HighTower Advisors LLC now owns 6,050 shares of the company’s stock worth $264,000 after acquiring an additional 624 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its position in Renaissance IPO ETF by 11.9% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,320 shares of the company’s stock worth $275,000 after acquiring an additional 673 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Renaissance IPO ETF during the 4th quarter valued at $421,000.

Renaissance IPO ETF Stock Performance

Renaissance IPO ETF stock opened at $35.94 on Friday. Renaissance IPO ETF has a 52 week low of $31.20 and a 52 week high of $48.23. The firm has a market cap of $125.79 million, a P/E ratio of 20.39 and a beta of 1.35. The business’s fifty day moving average is $39.42 and its two-hundred day moving average is $43.23.

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.