Burke & Herbert Bank & Trust Co. Takes Position in Renaissance IPO ETF (NYSEARCA:IPO)

Burke & Herbert Bank & Trust Co. acquired a new stake in Renaissance IPO ETF (NYSEARCA:IPO) during the 2nd quarter, HoldingsChannel reports. The firm acquired 5,670 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradition Wealth Management LLC boosted its holdings in Renaissance IPO ETF by 2.2% in the 4th quarter. Tradition Wealth Management LLC now owns 146,892 shares of the company’s stock worth $5,539,000 after buying an additional 3,186 shares during the period. Cetera Investment Advisers purchased a new position in Renaissance IPO ETF during the 1st quarter valued at about $2,397,000. Cetera Advisors LLC increased its position in shares of Renaissance IPO ETF by 203.8% during the first quarter. Cetera Advisors LLC now owns 54,995 shares of the company’s stock valued at $2,283,000 after buying an additional 36,890 shares during the period. PFG Investments LLC bought a new stake in shares of Renaissance IPO ETF during the first quarter valued at about $1,057,000. Finally, Stevard LLC lifted its holdings in shares of Renaissance IPO ETF by 32.4% in the fourth quarter. Stevard LLC now owns 11,926 shares of the company’s stock worth $450,000 after buying an additional 2,916 shares in the last quarter.

Renaissance IPO ETF Price Performance

Shares of NYSEARCA:IPO opened at $38.87 on Wednesday. The company has a market cap of $174.92 million, a price-to-earnings ratio of 44.34 and a beta of 1.70. Renaissance IPO ETF has a one year low of $29.21 and a one year high of $42.74. The firm has a fifty day moving average price of $39.89 and a two-hundred day moving average price of $39.19.

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.