Royal Bank of Canada Has $597,000 Stake in Renaissance IPO ETF $IPO

Royal Bank of Canada reduced its stake in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 82.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,254 shares of the company’s stock after selling 65,023 shares during the quarter. Royal Bank of Canada owned approximately 0.49% of Renaissance IPO ETF worth $597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cetera Investment Advisers boosted its position in Renaissance IPO ETF by 8.7% during the first quarter. Cetera Investment Advisers now owns 71,805 shares of the company’s stock valued at $3,007,000 after purchasing an additional 5,768 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Renaissance IPO ETF by 295.2% during the 1st quarter. Parallel Advisors LLC now owns 996 shares of the company’s stock valued at $42,000 after purchasing an additional 744 shares in the last quarter. Wealthfront Advisers LLC increased its position in Renaissance IPO ETF by 5.1% during the first quarter. Wealthfront Advisers LLC now owns 6,314 shares of the company’s stock worth $264,000 after buying an additional 308 shares during the last quarter. NFSG Corp acquired a new position in shares of Renaissance IPO ETF during the 1st quarter valued at about $42,000. Finally, Tempo Wealth LLC bought a new stake in Renaissance IPO ETF during the fourth quarter worth approximately $248,000.

Renaissance IPO ETF Price Performance

Renaissance IPO ETF stock opened at $53.57 on Tuesday. The firm has a fifty day moving average price of $55.47 and a two-hundred day moving average price of $50.16. Renaissance IPO ETF has a fifty-two week low of $39.31 and a fifty-two week high of $60.33. The firm has a market cap of $155.35 million, a price-to-earnings ratio of 35.63 and a beta of 1.35.

Renaissance IPO ETF Company 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.