Goldman Sachs Group Inc. Sells 13,149 Shares of Renaissance IPO ETF $IPO

Goldman Sachs Group Inc. cut its position in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 11.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,965 shares of the company’s stock after selling 13,149 shares during the quarter. Goldman Sachs Group Inc. owned approximately 3.12% of Renaissance IPO ETF worth $3,866,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IPO. Orion Capital Management LLC purchased a new stake in Renaissance IPO ETF in the 4th quarter worth approximately $65,000. Burke & Herbert Bank & Trust Co. raised its stake in Renaissance IPO ETF by 7.7% during the first quarter. Burke & Herbert Bank & Trust Co. now owns 6,105 shares of the company’s stock valued at $229,000 after buying an additional 435 shares during the last quarter. Royal Bank of Canada raised its stake in Renaissance IPO ETF by 185.0% during the first quarter. Royal Bank of Canada now owns 11,820 shares of the company’s stock valued at $444,000 after buying an additional 7,672 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Renaissance IPO ETF during the first quarter valued at $1,099,000. Finally, LPL Financial LLC increased its holdings in shares of Renaissance IPO ETF by 126.0% in the 1st quarter. LPL Financial LLC now owns 67,023 shares of the company’s stock worth $2,517,000 after purchasing an additional 37,369 shares in the last quarter.

Renaissance IPO ETF Stock Performance

IPO opened at $53.40 on Thursday. The stock has a market capitalization of $170.88 million, a P/E ratio of 35.63 and a beta of 1.22. The company’s 50-day simple moving average is $48.47 and its two-hundred day simple moving average is $43.29. Renaissance IPO ETF has a 52-week low of $31.20 and a 52-week high of $53.66.

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.