Renaissance International IPO ETF (NYSEARCA:IPOS) Trading Down 0.4% – What’s Next?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s stock price was down 0.4% on Wednesday . The company traded as low as $24.87 and last traded at $24.87. Approximately 4,143 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 6,031 shares. The stock had previously closed at $24.97.

Renaissance International IPO ETF Stock Performance

The company has a market cap of $12.44 million, a P/E ratio of 27.07 and a beta of 0.79. The firm has a 50 day moving average price of $22.40 and a 200-day moving average price of $19.92.

Institutional Investors Weigh In On Renaissance International IPO ETF

An institutional investor recently bought a new position in Renaissance International IPO ETF stock. Cetera Investment Advisers bought a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS) during the first quarter, according to its most recent filing with the SEC. The firm bought 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.