PFG Investments LLC cut its holdings in shares of Renaissance IPO ETF (NYSEARCA:IPO – Free Report) by 79.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,747 shares of the company’s stock after selling 18,348 shares during the quarter. PFG Investments LLC owned about 0.11% of Renaissance IPO ETF worth $204,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in Renaissance IPO ETF during the second quarter worth about $40,000. International Assets Investment Management LLC grew 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 purchasing an additional 3,853 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Renaissance IPO ETF during the first quarter valued at approximately $215,000. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Renaissance IPO ETF in the second quarter valued at $229,000. Finally, Dynamic Advisor Solutions LLC lifted its position in Renaissance IPO ETF by 12.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 10,487 shares of the company’s stock worth $423,000 after purchasing an additional 1,124 shares during the period.
Renaissance IPO ETF Price Performance
IPO opened at $44.74 on Friday. Renaissance IPO ETF has a fifty-two week low of $29.26 and a fifty-two week high of $45.54. The company has a market capitalization of $201.33 million, a P/E ratio of 44.34 and a beta of 1.70. The firm’s fifty day moving average price is $42.74 and its two-hundred day moving average price is $40.59.
About Renaissance IPO ETF
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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