Dynamic Advisor Solutions LLC Sells 250 Shares of Renaissance IPO ETF (NYSEARCA:IPO)

Dynamic Advisor Solutions LLC reduced its stake in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,762 shares of the company’s stock after selling 250 shares during the quarter. Dynamic Advisor Solutions LLC owned 0.26% of Renaissance IPO ETF worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IPO. Jane Street Group LLC increased its holdings in Renaissance IPO ETF by 44.8% in the 3rd quarter. Jane Street Group LLC now owns 40,280 shares of the company’s stock valued at $1,727,000 after buying an additional 12,456 shares during the period. Oppenheimer & Co. Inc. bought a new position in Renaissance IPO ETF in the third quarter valued at approximately $207,000. International Assets Investment Management LLC raised its position in Renaissance IPO ETF by 4,188.0% during the third quarter. International Assets Investment Management LLC now owns 3,945 shares of the company’s stock valued at $169,000 after purchasing an additional 3,853 shares in the last quarter. Cetera Investment Advisers lifted its stake in Renaissance IPO ETF by 17.0% during the second quarter. Cetera Investment Advisers now owns 67,574 shares of the company’s stock worth $2,724,000 after purchasing an additional 9,834 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its holdings in shares of Renaissance IPO ETF by 1.0% in the 3rd quarter. Tradition Wealth Management LLC now owns 133,726 shares of the company’s stock valued at $5,734,000 after purchasing an additional 1,367 shares in the last quarter.

Renaissance IPO ETF Stock Performance

Renaissance IPO ETF stock opened at $43.73 on Tuesday. Renaissance IPO ETF has a 52 week low of $33.86 and a 52 week high of $47.99. The stock has a market capitalization of $196.79 million, a P/E ratio of 44.34 and a beta of 1.70. The stock has a fifty day moving average of $45.48 and a 200-day moving average of $43.29.

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.