Ieq Capital LLC Decreases Position in Renaissance IPO ETF (NYSEARCA:IPO)

Ieq Capital LLC trimmed its holdings in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 40.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,948 shares of the company’s stock after selling 3,300 shares during the period. Ieq Capital LLC owned about 0.11% of Renaissance IPO ETF worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IPO. Synergy Asset Management LLC raised its holdings in Renaissance IPO ETF by 144.1% during the 4th quarter. Synergy Asset Management LLC now owns 86,884 shares of the company’s stock valued at $3,807,000 after buying an additional 51,288 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Renaissance IPO ETF by 44.8% during the third quarter. Jane Street Group LLC now owns 40,280 shares of the company’s stock valued at $1,727,000 after acquiring an additional 12,456 shares during the last quarter. Certuity LLC bought a new position in shares of Renaissance IPO ETF during the fourth quarter valued at about $213,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Renaissance IPO ETF during the third quarter worth about $207,000. Finally, International Assets Investment Management LLC grew its stake in shares of Renaissance IPO ETF by 4,188.0% in the third quarter. International Assets Investment Management LLC now owns 3,945 shares of the company’s stock worth $169,000 after purchasing an additional 3,853 shares during the last quarter.

Renaissance IPO ETF Price Performance

Shares of NYSEARCA:IPO opened at $42.13 on Friday. The stock’s 50-day moving average is $45.37 and its 200 day moving average is $44.30. The company has a market cap of $147.46 million, a PE ratio of 17.63 and a beta of 1.27. Renaissance IPO ETF has a 1 year low of $34.06 and a 1 year high of $48.23.

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.