Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report)’s share price fell 0.4% during trading on Thursday . The company traded as low as $55.60 and last traded at $56.35. Approximately 75,882 shares traded hands during trading, an increase of 115% from the average daily volume of 35,271 shares. The stock had previously closed at $56.55.
Renaissance IPO ETF Stock Performance
The firm has a fifty day simple moving average of $52.79 and a two-hundred day simple moving average of $47.76. The firm has a market cap of $163.41 million, a PE ratio of 35.63 and a beta of 1.35.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in Renaissance IPO ETF by 185.0% during the first quarter. Royal Bank of Canada now owns 11,820 shares of the company’s stock valued at $444,000 after purchasing an additional 7,672 shares in the last quarter. Osaic Holdings Inc. lifted its position in Renaissance IPO ETF by 7.0% during the second quarter. Osaic Holdings Inc. now owns 12,548 shares of the company’s stock valued at $564,000 after purchasing an additional 816 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Renaissance IPO ETF in the 3rd quarter worth $424,000. Lansing Street Advisors purchased a new position in shares of Renaissance IPO ETF in the 3rd quarter worth $262,000. Finally, Jefferies Financial Group Inc. increased its holdings in shares of Renaissance IPO ETF by 18.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 7,300 shares of the company’s stock worth $362,000 after buying an additional 1,125 shares during the last quarter.
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.
Featured Articles
- Five stocks we like better than Renaissance IPO ETF
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
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.
