HighTower Advisors LLC Sells 10,299 Shares of Renaissance IPO ETF (NYSEARCA:IPO)

HighTower Advisors LLC reduced its stake in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 65.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,426 shares of the company’s stock after selling 10,299 shares during the period. HighTower Advisors LLC’s holdings in Renaissance IPO ETF were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IPO. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Renaissance IPO ETF in the 2nd quarter valued at $40,000. Tradition Wealth Management LLC grew its stake in shares of Renaissance IPO ETF by 1.0% during the third quarter. Tradition Wealth Management LLC now owns 133,726 shares of the company’s stock valued at $5,734,000 after buying an additional 1,367 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Renaissance IPO ETF by 14.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,012 shares of the company’s stock worth $515,000 after buying an additional 1,525 shares during the period. Main Management ETF Advisors LLC lifted its stake in shares of Renaissance IPO ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 365,660 shares of the company’s stock valued at $14,740,000 after acquiring an additional 2,820 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Renaissance IPO ETF by 4,188.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,945 shares of the company’s stock valued at $169,000 after acquiring an additional 3,853 shares during the period.

Renaissance IPO ETF Stock Performance

NYSEARCA:IPO opened at $45.19 on Wednesday. Renaissance IPO ETF has a fifty-two week low of $33.76 and a fifty-two week high of $47.99. The firm has a market cap of $203.36 million, a PE ratio of 44.34 and a beta of 1.70. The business has a 50 day moving average price of $45.39 and a 200-day moving average price of $42.44.

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.