Cetera Investment Advisers raised its stake in shares of Renaissance IPO ETF (NYSEARCA:IPO – Free Report) by 17.0% in the 2nd quarter, Holdings Channel reports. The firm owned 67,574 shares of the company’s stock after acquiring an additional 9,834 shares during the period. Cetera Investment Advisers’ holdings in Renaissance IPO ETF were worth $2,724,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in IPO. Ashton Thomas Private Wealth LLC bought a new position in shares of Renaissance IPO ETF during the 2nd quarter valued at about $40,000. Brookstone Capital Management bought a new position in shares of Renaissance IPO ETF in the 1st quarter valued at about $215,000. Burke & Herbert Bank & Trust Co. bought a new position in shares of Renaissance IPO ETF in the 2nd quarter valued at about $229,000. Gerber LLC bought a new position in shares of Renaissance IPO ETF in the 4th quarter valued at about $391,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Renaissance IPO ETF by 12.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 10,487 shares of the company’s stock valued at $423,000 after acquiring an additional 1,124 shares during the last quarter.
Renaissance IPO ETF Trading Up 1.7 %
Shares of NYSEARCA:IPO opened at $43.64 on Friday. Renaissance IPO ETF has a 12 month low of $29.21 and a 12 month high of $43.77. The company has a 50-day moving average price of $41.05 and a 200 day moving average price of $40.20. The company has a market cap of $196.38 million, a price-to-earnings ratio of 44.34 and a beta of 1.70.
Renaissance IPO ETF 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.
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