Renaissance International IPO ETF (NYSEARCA:IPOS) Stock Falls 0.7% – Should You Sell?

Renaissance International IPO ETF (NYSEARCA:IPOS) shares were down 0.7% during trading on Monday. The stock traded as low as $18.35 and last traded at $18.35. Approximately 681 shares changed hands during trading, a decline of 85% from the average session volume of 4,481 shares. The stock had previously closed at $18.48.

Renaissance International IPO ETF Stock Down 0.7%

The firm has a market cap of $9.18 million, a price-to-earnings ratio of 27.07 and a beta of 0.78. The company’s fifty day moving average is $21.70 and its 200 day moving average is $21.35.

Institutional Investors Weigh In On Renaissance International IPO ETF

An institutional investor recently bought a new stake in Renaissance International IPO ETF stock. Cetera Investment Advisers acquired a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 reporting period.

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.