HighTower Advisors LLC Buys 624 Shares of Renaissance IPO ETF (NYSEARCA:IPO)

HighTower Advisors LLC increased its stake in Renaissance IPO ETF (NYSEARCA:IPO) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,050 shares of the company’s stock after purchasing an additional 624 shares during the period. HighTower Advisors LLC owned approximately 0.13% of Renaissance IPO ETF worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of Renaissance IPO ETF by 44.8% during the third quarter. Jane Street Group LLC now owns 40,280 shares of the company’s stock worth $1,727,000 after buying an additional 12,456 shares in the last quarter. PFG Investments LLC grew its stake in shares of Renaissance IPO ETF by 11.1% during the 4th quarter. PFG Investments LLC now owns 5,273 shares of the company’s stock worth $230,000 after acquiring an additional 526 shares in the last quarter. Synergy Asset Management LLC raised its holdings in shares of Renaissance IPO ETF by 144.1% in the fourth quarter. Synergy Asset Management LLC now owns 86,884 shares of the company’s stock valued at $3,807,000 after purchasing an additional 51,288 shares during the last quarter. Certuity LLC acquired a new stake in shares of Renaissance IPO ETF in the fourth quarter valued at approximately $213,000. Finally, NTV Asset Management LLC lifted its position in shares of Renaissance IPO ETF by 17.4% in the fourth quarter. NTV Asset Management LLC now owns 22,570 shares of the company’s stock worth $983,000 after purchasing an additional 3,340 shares in the last quarter.

Renaissance IPO ETF Trading Up 1.9 %

Shares of IPO opened at $38.54 on Thursday. Renaissance IPO ETF has a 12 month low of $34.06 and a 12 month high of $48.23. The firm has a fifty day simple moving average of $42.62 and a 200 day simple moving average of $43.98. The stock has a market capitalization of $134.89 million, a price-to-earnings ratio of 20.39 and a beta of 1.35.

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.