1,000 Shares in Renaissance IPO ETF (NYSEARCA:IPO) Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC acquired a new stake in Renaissance IPO ETF (NYSEARCA:IPO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,000 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers acquired a new position in shares of Renaissance IPO ETF during the 1st quarter worth about $2,397,000. Cetera Advisors LLC grew its stake in Renaissance IPO ETF by 203.8% in the 1st quarter. Cetera Advisors LLC now owns 54,995 shares of the company’s stock valued at $2,283,000 after buying an additional 36,890 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Renaissance IPO ETF in the 1st quarter valued at about $443,000. Gerber LLC acquired a new position in Renaissance IPO ETF in the 4th quarter valued at about $391,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in Renaissance IPO ETF in the 2nd quarter valued at about $229,000.

Renaissance IPO ETF Stock Performance

Shares of IPO opened at $42.48 on Tuesday. Renaissance IPO ETF has a 52 week low of $29.21 and a 52 week high of $42.74. The firm has a market cap of $191.16 million, a P/E ratio of 44.34 and a beta of 1.70. The firm’s 50-day simple moving average is $40.38 and its 200 day simple moving average is $39.90.

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.