Renaissance IPO ETF $IPO Shares Sold by SFI Advisors LLC

SFI Advisors LLC reduced its stake in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,321 shares of the company’s stock after selling 6,622 shares during the period. Renaissance IPO ETF makes up about 2.0% of SFI Advisors LLC’s holdings, making the stock its 25th largest position. SFI Advisors LLC owned about 1.98% of Renaissance IPO ETF worth $2,846,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of Renaissance IPO ETF by 2.3% in the second quarter. Cetera Investment Advisers now owns 68,570 shares of the company’s stock valued at $3,082,000 after purchasing an additional 1,518 shares during the period. PFG Investments LLC purchased a new position in Renaissance IPO ETF in the second quarter valued at about $230,000. Royal Bank of Canada lifted its position in shares of Renaissance IPO ETF by 185.0% during the 1st quarter. Royal Bank of Canada now owns 11,820 shares of the company’s stock valued at $444,000 after acquiring an additional 7,672 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Renaissance IPO ETF during the 1st quarter worth approximately $1,099,000. Finally, Tradition Wealth Management LLC grew its holdings in shares of Renaissance IPO ETF by 5.1% in the 1st quarter. Tradition Wealth Management LLC now owns 137,380 shares of the company’s stock worth $5,159,000 after acquiring an additional 6,723 shares during the period.

Renaissance IPO ETF Price Performance

NYSEARCA IPO opened at $43.19 on Tuesday. The business has a 50 day moving average price of $49.53 and a 200 day moving average price of $46.89. The company has a market capitalization of $142.53 million, a P/E ratio of 35.63 and a beta of 1.35. Renaissance IPO ETF has a 1-year low of $31.20 and a 1-year high of $54.68.

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.