Tower Research Capital LLC TRC Buys Shares of 14,832 Renaissance IPO ETF (NYSEARCA:IPO)

Tower Research Capital LLC TRC purchased a new position in shares of Renaissance IPO ETF (NYSEARCA:IPO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,832 shares of the company’s stock, valued at approximately $646,000. Tower Research Capital LLC TRC owned 0.33% of Renaissance IPO ETF at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new position in Renaissance IPO ETF in the fourth quarter valued at about $66,000. Certuity LLC bought a new stake in shares of Renaissance IPO ETF during the 4th quarter valued at approximately $213,000. PFG Investments LLC grew its holdings 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 valued at $230,000 after purchasing an additional 526 shares during the last quarter. HighTower Advisors LLC increased its position in Renaissance IPO ETF by 11.5% during the 4th quarter. HighTower Advisors LLC now owns 6,050 shares of the company’s stock worth $264,000 after purchasing an additional 624 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Renaissance IPO ETF by 25.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,061 shares of the company’s stock valued at $264,000 after purchasing an additional 1,245 shares during the last quarter.

Renaissance IPO ETF Stock Performance

NYSEARCA IPO opened at $38.72 on Monday. The firm’s fifty day moving average price is $38.43 and its two-hundred day moving average price is $43.04. The stock has a market cap of $129.71 million, a PE ratio of 20.60 and a beta of 1.35. Renaissance IPO ETF has a fifty-two week low of $31.20 and a fifty-two week high of $48.23.

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.