Renaissance International IPO ETF (NYSEARCA:IPOS) Trading Up 0.9% – Time to Buy?

Shares of Renaissance International IPO ETF (NYSEARCA:IPOS) traded up 0.9% during mid-day trading on Monday . The stock traded as high as $22.88 and last traded at $22.58. 2,041 shares traded hands during trading, a decline of 63% from the average session volume of 5,497 shares. The stock had previously closed at $22.37.

Renaissance International IPO ETF Trading Up 1.8%

The company has a market cap of $11.90 million, a PE ratio of 27.07 and a beta of 0.79. The firm has a 50 day moving average of $23.69 and a two-hundred day moving average of $21.24.

Institutional Investors Weigh In On Renaissance International IPO ETF

A hedge fund recently bought a new position in Renaissance International IPO ETF stock. Cetera Investment Advisers bought a new position in Renaissance International IPO ETF (NYSEARCA:IPOS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned about 30.60% of Renaissance International IPO ETF at the end of the most recent quarter.

About Renaissance International IPO ETF

The Renaissance International IPO ETF (IPOS) is an exchange-traded fund that is based on the Renaissance International IPO index. The fund tracks a cap-weighted index of recent IPOs listed internationally. The fund adds an IPO within 90 days of its initial listing. IPOS was launched on Oct 6, 2014 and is managed by Renaissance.