Cetera Investment Advisers Trims Holdings in Renaissance IPO ETF (NYSEARCA:IPO)

Cetera Investment Advisers reduced its stake in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,934 shares of the company’s stock after selling 2,945 shares during the quarter. Cetera Investment Advisers’ holdings in Renaissance IPO ETF were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC purchased a new stake in Renaissance IPO ETF during the 4th quarter valued at approximately $285,000. Tower Research Capital LLC TRC purchased a new stake in Renaissance IPO ETF during the 4th quarter valued at approximately $646,000. Raymond James Financial Inc. purchased a new stake in Renaissance IPO ETF during the 4th quarter valued at approximately $421,000. Runnymede Capital Advisors Inc. purchased a new stake in Renaissance IPO ETF during the 4th quarter valued at approximately $66,000. Finally, HighTower Advisors LLC grew its holdings in Renaissance IPO ETF by 11.5% during the 4th quarter. HighTower Advisors LLC now owns 6,050 shares of the company’s stock valued at $264,000 after buying an additional 624 shares in the last quarter.

Renaissance IPO ETF Price Performance

Shares of IPO opened at $44.09 on Friday. Renaissance IPO ETF has a 1 year low of $31.20 and a 1 year high of $48.23. The company has a 50 day simple moving average of $38.22 and a two-hundred day simple moving average of $42.71. The firm has a market cap of $143.29 million, a P/E ratio of 21.91 and a beta of 1.33.

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.