LPL Financial LLC raised its holdings in Renaissance IPO ETF (NYSEARCA:IPO – Free Report) by 126.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,023 shares of the company’s stock after buying an additional 37,369 shares during the quarter. LPL Financial LLC owned approximately 2.00% of Renaissance IPO ETF worth $2,517,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IPO. Burke & Herbert Bank & Trust Co. lifted its stake in shares of Renaissance IPO ETF by 7.7% in the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 6,105 shares of the company’s stock valued at $229,000 after purchasing an additional 435 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Renaissance IPO ETF in the 4th quarter valued at about $65,000. OneDigital Investment Advisors LLC acquired a new position in shares of Renaissance IPO ETF in the 4th quarter valued at about $285,000. Raymond James Financial Inc. acquired a new position in shares of Renaissance IPO ETF in the 4th quarter valued at about $421,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Renaissance IPO ETF in the 4th quarter valued at about $646,000.
Renaissance IPO ETF Price Performance
NYSEARCA IPO opened at $50.42 on Tuesday. The firm has a market capitalization of $161.34 million, a P/E ratio of 35.63 and a beta of 1.22. Renaissance IPO ETF has a 1-year low of $31.20 and a 1-year high of $50.67. The business’s 50-day simple moving average is $45.77 and its 200-day simple moving average is $42.52.
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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