Oppenheimer & Co. Inc. Purchases 1,245 Shares of Renaissance IPO ETF (NYSEARCA:IPO)

Oppenheimer & Co. Inc. increased its position in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 25.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,061 shares of the company’s stock after acquiring an additional 1,245 shares during the period. Oppenheimer & Co. Inc. owned about 0.13% of Renaissance IPO ETF worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IPO. Certuity LLC bought a new stake in shares of Renaissance IPO ETF in the 4th quarter valued at about $213,000. PFG Investments LLC grew its position in shares of Renaissance IPO ETF by 11.1% in the 4th quarter. PFG Investments LLC now owns 5,273 shares of the company’s stock valued at $230,000 after buying an additional 526 shares during the last quarter. Twin Peaks Wealth Advisors LLC grew its position in shares of Renaissance IPO ETF by 11.9% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,320 shares of the company’s stock valued at $275,000 after buying an additional 673 shares during the last quarter. NTV Asset Management LLC grew its position in shares of Renaissance IPO ETF by 17.4% in the 4th quarter. NTV Asset Management LLC now owns 22,570 shares of the company’s stock valued at $983,000 after buying an additional 3,340 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of 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 last quarter.

Renaissance IPO ETF Trading Up 0.7 %

NYSEARCA IPO opened at $39.33 on Friday. The business’s 50-day moving average price is $44.87 and its two-hundred day moving average price is $44.29. Renaissance IPO ETF has a 12 month low of $34.06 and a 12 month high of $48.23. The firm has a market capitalization of $137.66 million, a PE ratio of 17.63 and a beta of 1.27.

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.