Renaissance International IPO ETF (NYSEARCA:IPOS) Shares Up 5% – Time to Buy?

Shares of Renaissance International IPO ETF (NYSEARCA:IPOS) shot up 5% on Tuesday . The company traded as high as $22.80 and last traded at $22.72. 12,108 shares traded hands during trading, an increase of 98% from the average session volume of 6,129 shares. The stock had previously closed at $21.63.

Renaissance International IPO ETF Price Performance

The firm has a market cap of $11.36 million, a P/E ratio of 27.07 and a beta of 0.78. The stock’s 50-day simple moving average is $20.30 and its two-hundred day simple moving average is $18.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Renaissance International IPO ETF stock. Cetera Investment Advisers purchased a new position in Renaissance International IPO ETF (NYSEARCA:IPOS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned about 30.60% of Renaissance International IPO ETF at the end of the most recent quarter.

Renaissance International IPO ETF Company Profile

The Renaissance International IPO ETF (IPOS) is an exchange-traded fund that is based on the Renaissance International IPO index. The fund tracks a cap-weighted index of recent IPOs listed internationally. The fund adds an IPO within 90 days of its initial listing. IPOS was launched on Oct 6, 2014 and is managed by Renaissance.