Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $50.34 and traded as high as $50.64. Renaissance IPO ETF shares last traded at $50.62, with a volume of 27,807 shares.
Renaissance IPO ETF Stock Performance
The company has a market cap of $132.47 million, a PE ratio of 35.63 and a beta of 1.37. The company has a fifty day moving average of $52.20 and a two-hundred day moving average of $50.35.
Institutional Investors Weigh In On Renaissance IPO ETF
Institutional investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its holdings in Renaissance IPO ETF by 5.1% in 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. Parallel Advisors LLC raised its position in shares of Renaissance IPO ETF by 295.2% during the 1st quarter. Parallel Advisors LLC now owns 996 shares of the company’s stock valued at $42,000 after acquiring an additional 744 shares during the last quarter. Elm3 Financial Group LLC lifted its stake in shares of Renaissance IPO ETF by 15.7% in the 3rd quarter. Elm3 Financial Group LLC now owns 6,396 shares of the company’s stock valued at $337,000 after purchasing an additional 870 shares during the period. NFSG Corp bought a new position in shares of Renaissance IPO ETF in the 1st quarter worth $42,000. Finally, Key Client Fiduciary Advisors LLC bought a new position in shares of Renaissance IPO ETF in the 2nd quarter worth $229,000.
Renaissance IPO ETF Company 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.
Recommended Stories
- Five stocks we like better than Renaissance IPO ETF
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Renaissance IPO ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renaissance IPO ETF and related companies with MarketBeat.com's FREE daily email newsletter.
