NTV Asset Management LLC Has $947,000 Position in Renaissance IPO ETF $IPO

NTV Asset Management LLC reduced its holdings in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,071 shares of the company’s stock after selling 1,500 shares during the period. NTV Asset Management LLC’s holdings in Renaissance IPO ETF were worth $947,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. PFG Investments LLC acquired a new stake in shares of Renaissance IPO ETF during the 2nd quarter valued at about $230,000. Burke & Herbert Bank & Trust Co. boosted its position in shares of Renaissance IPO ETF by 7.7% during the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 6,105 shares of the company’s stock valued at $229,000 after acquiring an additional 435 shares in the last quarter. Royal Bank of Canada boosted its position in Renaissance IPO ETF by 185.0% in 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 in the last quarter. Flow Traders U.S. LLC acquired a new position in Renaissance IPO ETF in the first quarter valued at about $1,099,000. Finally, LPL Financial LLC boosted its position in Renaissance IPO ETF by 126.0% in the first quarter. LPL Financial LLC now owns 67,023 shares of the company’s stock valued at $2,517,000 after buying an additional 37,369 shares in the last quarter.

Renaissance IPO ETF Stock Down 0.6%

NYSEARCA:IPO opened at $50.12 on Friday. The firm has a market cap of $180.43 million, a PE ratio of 35.63 and a beta of 1.22. Renaissance IPO ETF has a 12 month low of $31.20 and a 12 month high of $54.68. The company’s 50-day moving average price is $49.82 and its two-hundred day moving average price is $44.26.

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.