NTV Asset Management LLC Has $774,000 Holdings in Renaissance IPO ETF (NYSEARCA:IPO)

NTV Asset Management LLC trimmed its holdings in Renaissance IPO ETF (NYSEARCA:IPO) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,530 shares of the company’s stock after selling 2,700 shares during the period. NTV Asset Management LLC’s holdings in Renaissance IPO ETF were worth $774,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Synergy Asset Management LLC acquired a new stake in shares of Renaissance IPO ETF during the 4th quarter worth about $4,151,000. SFI Advisors LLC lifted its position in Renaissance IPO ETF by 3.5% during the third quarter. SFI Advisors LLC now owns 59,979 shares of the company’s stock worth $1,918,000 after acquiring an additional 2,005 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Renaissance IPO ETF by 16.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,788 shares of the company’s stock worth $308,000 after acquiring an additional 1,250 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Renaissance IPO ETF in the fourth quarter valued at approximately $213,000. Finally, International Assets Investment Management LLC increased its stake in shares of Renaissance IPO ETF by 3,670.7% during the fourth quarter. International Assets Investment Management LLC now owns 3,469 shares of the company’s stock worth $131,000 after purchasing an additional 3,377 shares during the period.

Renaissance IPO ETF Stock Performance

NYSEARCA:IPO traded up $0.46 during mid-day trading on Friday, hitting $38.52. 9,988 shares of the stock were exchanged, compared to its average volume of 58,830. The firm’s 50-day simple moving average is $39.49 and its 200 day simple moving average is $36.31. Renaissance IPO ETF has a fifty-two week low of $27.29 and a fifty-two week high of $42.40. The stock has a market capitalization of $173.34 million, a price-to-earnings 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.