Renaissance International IPO ETF (NYSEARCA:IPOS) Trading 0.6% Higher – Time to Buy?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s share price traded up 0.6% during trading on Tuesday . The company traded as high as $23.59 and last traded at $23.35. 2,246 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 5,064 shares. The stock had previously closed at $23.22.

Renaissance International IPO ETF Stock Performance

The firm has a market capitalization of $11.39 million, a P/E ratio of 27.07 and a beta of 0.79. The business’s fifty day moving average price is $23.36 and its two-hundred day moving average price is $22.00.

Institutional Investors Weigh In On Renaissance International IPO ETF

A hedge fund recently bought a new position in Renaissance International IPO ETF stock. Cetera Investment Advisers acquired a new stake in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 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.