Gerber LLC Trims Stake in Renaissance IPO ETF (NYSEARCA:IPO)

Gerber LLC reduced its position in Renaissance IPO ETF (NYSEARCA:IPO) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,797 shares of the company’s stock after selling 575 shares during the quarter. Gerber LLC’s holdings in Renaissance IPO ETF were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IPO. Oppenheimer & Co. Inc. bought a new stake in shares of Renaissance IPO ETF in the 3rd quarter valued at about $207,000. Tradition Wealth Management LLC raised its position in Renaissance IPO ETF by 1.0% during the 3rd quarter. Tradition Wealth Management LLC now owns 133,726 shares of the company’s stock valued at $5,734,000 after purchasing an additional 1,367 shares during the last quarter. Jane Street Group LLC raised its position in Renaissance IPO ETF by 44.8% during the 3rd quarter. Jane Street Group LLC now owns 40,280 shares of the company’s stock valued at $1,727,000 after purchasing an additional 12,456 shares during the last quarter. PFG Investments LLC raised its position in 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. Finally, Synergy Asset Management LLC raised its position in Renaissance IPO ETF by 144.1% during the 4th 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.

Renaissance IPO ETF Price Performance

IPO opened at $38.56 on Thursday. The business has a 50 day simple moving average of $44.53 and a two-hundred day simple moving average of $44.23. The firm has a market capitalization of $134.96 million, a price-to-earnings ratio of 17.63 and a beta of 1.27. Renaissance IPO ETF has a one year low of $34.06 and a one year high of $48.23.

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.