International Assets Investment Management LLC increased its stake in shares of Renaissance IPO ETF (NYSEARCA:IPO – Free Report) by 3,670.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,469 shares of the company’s stock after buying an additional 3,377 shares during the quarter. International Assets Investment Management LLC owned about 0.05% of Renaissance IPO ETF worth $131,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Renaissance IPO ETF during the 4th quarter valued at about $4,151,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of Renaissance IPO ETF by 16.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,788 shares of the company’s stock worth $308,000 after purchasing an additional 1,250 shares during the period. Orion Capital Management LLC purchased a new stake in Renaissance IPO ETF in the third quarter valued at approximately $48,000. Twin Peaks Wealth Advisors LLC acquired a new position in Renaissance IPO ETF in the 4th quarter worth approximately $213,000. Finally, SFI Advisors LLC boosted its holdings in shares of Renaissance IPO ETF by 3.5% in the 3rd quarter. SFI Advisors LLC now owns 59,979 shares of the company’s stock valued at $1,918,000 after acquiring an additional 2,005 shares during the last quarter.
Renaissance IPO ETF Price Performance
NYSEARCA:IPO opened at $38.09 on Tuesday. The firm has a market capitalization of $179.02 million, a P/E ratio of 42.29 and a beta of 1.64. The company’s fifty day moving average price is $39.46 and its 200-day moving average price is $36.13. Renaissance IPO ETF has a 1-year low of $27.09 and a 1-year high of $42.40.
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.
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