Synergy Asset Management LLC Purchases 51,288 Shares of Renaissance IPO ETF (NYSEARCA:IPO)

Synergy Asset Management LLC raised its position in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 144.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,884 shares of the company’s stock after acquiring an additional 51,288 shares during the period. Synergy Asset Management LLC’s holdings in Renaissance IPO ETF were worth $3,807,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of Renaissance IPO ETF by 17.0% during the 2nd quarter. Cetera Investment Advisers now owns 67,574 shares of the company’s stock worth $2,724,000 after purchasing an additional 9,834 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Renaissance IPO ETF by 14.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,012 shares of the company’s stock worth $515,000 after buying an additional 1,525 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Renaissance IPO ETF by 4,188.0% in the third quarter. International Assets Investment Management LLC now owns 3,945 shares of the company’s stock valued at $169,000 after acquiring an additional 3,853 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Renaissance IPO ETF in the third quarter worth $207,000. Finally, Tradition Wealth Management LLC grew its stake in shares of Renaissance IPO ETF by 1.0% in the third quarter. Tradition Wealth Management LLC now owns 133,726 shares of the company’s stock worth $5,734,000 after acquiring an additional 1,367 shares during the last quarter.

Renaissance IPO ETF Price Performance

NYSEARCA:IPO opened at $45.69 on Thursday. Renaissance IPO ETF has a one year low of $33.86 and a one year high of $47.99. The company has a fifty day moving average price of $45.47 and a 200 day moving average price of $43.33. The stock has a market cap of $205.61 million, a P/E ratio of 44.34 and a beta of 1.70.

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.