Hudson Value Partners LLC Sells 4,425 Shares of Renaissance IPO ETF (NYSEARCA:IPO)

Hudson Value Partners LLC trimmed its holdings in shares of Renaissance IPO ETF (NYSEARCA:IPO) by 42.3% in the fourth quarter, HoldingsChannel reports. The firm owned 6,035 shares of the company’s stock after selling 4,425 shares during the period. Hudson Value Partners LLC’s holdings in Renaissance IPO ETF were worth $228,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in shares of Renaissance IPO ETF in the fourth quarter valued at $4,151,000. Dynamic Advisor Solutions LLC lifted its position in Renaissance IPO ETF by 16.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,788 shares of the company’s stock worth $308,000 after buying an additional 1,250 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Renaissance IPO ETF by 3,670.7% during the 4th quarter. International Assets Investment Management LLC now owns 3,469 shares of the company’s stock worth $131,000 after acquiring an additional 3,377 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Renaissance IPO ETF in the 3rd quarter valued at about $48,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Renaissance IPO ETF in the fourth quarter worth about $213,000.

Renaissance IPO ETF Price Performance

Shares of IPO stock traded up $0.83 during trading hours on Friday, reaching $39.99. 8,772 shares of the company were exchanged, compared to its average volume of 53,956. Renaissance IPO ETF has a fifty-two week low of $28.38 and a fifty-two week high of $42.40. The stock’s fifty day moving average is $39.36 and its two-hundred day moving average is $37.20. The company has a market cap of $179.96 million, a price-to-earnings ratio of 44.34 and a beta of 1.70.

Renaissance IPO ETF Profile

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.