Renaissance IPO ETF (NYSEARCA:IPO) Stock Price Down 0.1% – Here’s Why

by · The Markets Daily

Shares of Renaissance IPO ETF (NYSEARCA:IPO – Get Free Report) fell 0.1% during trading on Monday . The company traded as low as $44.00 and last traded at $44.48. 34,490 shares changed hands during trading, a decline of 23% from the average session volume of 44,749 shares. The stock had previously closed at $44.54.

Renaissance IPO ETF Stock Down 0.1 %

The firm has a 50-day moving average price of $45.39 and a two-hundred day moving average price of $42.40. The company has a market capitalization of $200.16 million, a P/E ratio of 44.34 and a beta of 1.70.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IPO. Ashton Thomas Private Wealth LLC acquired a new position in shares of Renaissance IPO ETF in the second quarter valued at $40,000. Tradition Wealth Management LLC increased its holdings in Renaissance IPO ETF by 1.0% in the 3rd quarter. Tradition Wealth Management LLC now owns 133,726 shares of the company’s stock valued at $5,734,000 after buying an additional 1,367 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Renaissance IPO ETF by 14.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,012 shares of the company’s stock valued at $515,000 after buying an additional 1,525 shares during the period. Main Management ETF Advisors LLC raised its stake in shares of Renaissance IPO ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 365,660 shares of the company’s stock valued at $14,740,000 after buying an additional 2,820 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Renaissance IPO ETF by 4,188.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,945 shares of the company’s stock worth $169,000 after acquiring an additional 3,853 shares during the period.

Renaissance IPO ETF Company Profile

(Get Free Report)

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.

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