Brookstone Capital Management Acquires Shares of 5,173 Renaissance IPO ETF (NYSEARCA:IPO)

Brookstone Capital Management bought a new position in shares of Renaissance IPO ETF (NYSEARCA:IPOFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,173 shares of the company’s stock, valued at approximately $215,000. Brookstone Capital Management owned approximately 0.11% of Renaissance IPO ETF as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IPO. Orion Capital Management LLC bought a new stake in Renaissance IPO ETF during the third quarter worth about $48,000. International Assets Investment Management LLC increased its stake in Renaissance IPO ETF by 3,670.7% in the fourth quarter. International Assets Investment Management LLC now owns 3,469 shares of the company’s stock valued at $131,000 after acquiring an additional 3,377 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Renaissance IPO ETF in the fourth quarter valued at approximately $213,000. Dynamic Advisor Solutions LLC raised its position in Renaissance IPO ETF by 16.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,788 shares of the company’s stock valued at $308,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Gerber LLC bought a new stake in Renaissance IPO ETF during the fourth quarter worth $391,000.

Renaissance IPO ETF Stock Performance

Shares of IPO opened at $40.53 on Thursday. Renaissance IPO ETF has a 52-week low of $29.21 and a 52-week high of $42.40. The firm has a market cap of $182.40 million, a price-to-earnings ratio of 44.34 and a beta of 1.70. The business’s fifty day moving average is $39.34 and its 200-day moving average is $38.37.

Renaissance IPO ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Renaissance IPO ETF (NYSEARCA:IPO)

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